Of the top-tier firms, Cahill Gordon & Reindel LLP has one of the smaller practices handling securities litigation, but its focus on high-value and precedent-setting disputes for clients in the financial services sector places it among the market leaders in this space. The firm is currently representing Credit Suisse and its subsidiaries in all US litigation relating to alleged manipulation of the global foreign exchange markets, having already defeated plaintiffs motion for class certification in two cases. Practice heads Herbert Washer and David Januszewski are the lead lawyers in those matters, with up-and-coming partners Sheila Ramesh and Jason Hall also heavily involved. They also obtained dismissal with prejudice of a purported class action alleging that Credit Suisse colluded to manipulate the Swiss-franc LIBOR benchmark rate, and further defeated a class action alleging that the bank failed to disclose adequately the risks associated with its offering of Velocity Shares Daily Inverse VIX Medium Term ETNs. The firm's continued track record of success is due in large part to its in-depth understanding of investment banks, asset managers and hedge funds, as well as the complex financial products they offer. Bradley Bondi in Washington DC is widely recognized as a leading expert in regulatory enforcement actions, and works closely with the litigation team.
Securities litigation: defense in United States
Herbert Washer; David Januszewski
Other key lawyers:
Brad Bondi; Sheila Ramesh; Jason Hall
Trevor Milton (founder and former chairman of Nikola Corporation)
Various hospital funds in litigation against Allianz Global Investors U.S. LLC and related corporate entities
Directors and officers of Patriot National, Inc.
Ligand Pharmaceuticals, Inc.
- Represents Credit Suisse and its subsidiaries in all US litigation relating to alleged manipulation of the global foreign exchange (FX) markets.
- Representing Credit Suisse in multiple putative class actions and individual actions alleging that Credit Suisse violated the federal securities laws by failing to disclose adequately the risks associated with its offering of Velocity Shares Daily Inverse VIX Short Term ETNs.
- Represents Credit Suisse in connection with all US litigation relating to the multitrillion-dollar market for US dollar-denominated supranational, sovereign, and agency (SSA) bonds.
Cravath, Swaine & Moore LLP in New York plays a key role in securities litigation class actions for both corporate issuers and major financial institutions. In addition, the team handles individual actions for officers and directors. Although securities cases rarely go to trial, the firm has tried four in recent years, giving it enviable experience in the courtroom. Since securing landmark decisions in cases relating to mortgage-backed securities implicated in the financial crisis of 2008, the firm has seen its caseload diversify and its recent successes include a favourable settlement for First Solar in litigation alleging misrepresentation of the company’s financial state, and the dismissal of a putative class action litigation against GreenSky alleging that IPO offering documents contained false and misleading statements. Karin DeMasi ('a great securities litigator with a strong courtroom presence') and Lauren Kennedy led the Greensky matter. Head of litigation Daniel Slifkin and Antony Ryan led the First Solar matter. Lauren Moskowitz is an emerging talent who won summary judgment in a case against AngloGold Ashanti in New York federal court. Veteran partner Richard Clary retired from the litigation practice.
Other key lawyers:
Antony Ryan; Karin DeMasi; Lauren Moskowitz; Lauren Kennedy
‘Karin DeMasi and Lauren Kennedy are great securities litigators. They are innovative and never back down from a challenge. Karin has a strong courtroom presence and the judge overseeing the case has total respect for her and her word. Even when a time sensitive matter that arises, the quality of their work product remains at the highest caliber.’
‘Karin DeMasi and Lauren Kennedy are both excellent. I am impressed with them and their skills and demeanor.’
Special Litigation Committee of Alphabet
Anadarko Petroleum Corporation
AngloGold Ashanti Limited
Crown Castle International
Occidental Petroleum Corporation
Tesla Board of Directors
Independent Directors of Viacom
Westpac Banking Corporation
The Williams Companies
- Won summary judgment in March 2020 for AngloGold Ashanti Limited and related entities in an action brought by Newmont Mining Corporation in New York federal court alleging, among other claims, that AngloGold failed to disclose certain material information in connection with its $820m sale to Newmont of a gold mine and mineral processing facility in Colorado.
- Representing Crown Castle International Corp., the nation’s largest provider of communications infrastructure, and certain of its officers and directors in connection with putative securities class action litigation filed in New Jersey federal court and related stockholder derivative litigation filed in Delaware federal court alleging that defendants made false and misleading statements regarding revenue from Crown Castle’s cell tower installation services, which allegedly artificially inflated Crown Castle’s stock price.
- Representing Tesla, Inc. CEO and Chairman Elon Musk and other members of the Tesla board of directors in connection with a stockholder class and derivative action filed in the Delaware Court of Chancery related to Tesla’s $2.1bn acquisition of SolarCity Corporation, a solar energy services company.
Davis Polk & Wardwell LLP
The civil litigation group at Davis Polk & Wardwell LLP in New York has firmly established a track record of success in securities matters, from discovery to strategic settlements and appeals. The firm is a key adviser to underwriters, but it best known for its work as counsel to corporate issuers. The variety of its work is evident in its recent successes, which include winning the complete dismissal of a class action against Morgan Stanley as underwriter of Tribune Media Company's secondary public offering of stock, and securing the dismissal with prejudice of a securities fraud suit against BT Group arising from an accounting scandal at its Italian subsidiary. Key partner James Rouhandeh led the latter case and Charles Duggan was lead counsel in the Morgan Stanley matter. Rouhandeh leads a practice in which Edmund Polubinski is a prominent adviser to both corporates and investment firms. Co-head of civil litigation Dana Seshens increasingly focuses on securities litigation. The firm also has a strong presence in California thanks to Neal Potischman in Menlo Park.
Other key lawyers:
Edmund Polubinksi; Charles Duggan; Neal Potischman; Dana Seshens
The securities litigation and SEC enforcement practice groups at Gibson, Dunn & Crutcher LLP have successfully defended some of the biggest cases in the US and frequently represent Fortune 100 companies in sectors as diverse as technology, retail, mining and private equity. 'A fantastic firm with a very solid issuer-side practice', according the market sources, it recently handled a securities class action, shareholder derivative cases, and consumer class actions for Facebook concerning the alleged misuse of Facebook user data by Cambridge Analytica. Brian Lutz in San Francisco was the lead lawyer in those cases. In New York, Mark Kirsch and Robert Serio are the most prominent practitioners. In a recent highlight, Kirsch defeated a $250m damages claim against Investcorp following a two-week bench trial. Other key figures in the team include Monica Loseman in Denver, who is handling a class action for medical device company ViewRay, and Michael Celio in Palo Alto, who handles securities fraud for public companies across the country.
Monica Loseman; Brian Lutz; Craig Varnen
Other key lawyers:
Mark Kirsch; Michael Celio; Robert Serio
Edward D. Jones & Co.
Lynn Tilton / Patriarch
Kirkland & Ellis LLP has been a prominent force in securities cases for many years, and in the last ten years it has significantly boosted the volume of work for high-profile corporate clients and private equity firms. In its recent work, the practice has shown its ability to handle precedent-setting matters, a recent example being a victory for Pitney Bowes which created new law governing how the application of the stay of discovery in state court; the result of that case could stem the flow of spurious filings seeking discovery. Sandra Goldstein and up-and-coming partner Stefan Atkinson in New York led that matter, successfully arguing the motion to stay and the motions to dismiss the securities and derivative suits. Goldstein leads the practice along with Mark Filip in Chicago, who is currently representing Wynn Resorts in state and federal derivative cases and federal securities class actions arising from allegations of sexual misconduct by the company's former CEO. Another key practitioner is Joshua Rabinovitz in Washington DC, who has more than 20 years' experience and is known for his prowess in the courtroom.
Sandra Goldstein; Mark Filip
Other key lawyers:
Stefan Atkinson; Joshua Rabinovitz
3G Capital, Inc.
Bristol-Myers Squibb Company
The Boeing Company
Honeywell International Inc.
Hecla Mining Company
Juul Labs, Inc.
Pitney Bowes, Inc.
Sanderson Farms, Inc.
Six Flags Entertainment
Latham & Watkins LLP has saved its clients billions of dollars in liabilities over the years and its success sees it called upon to defend some of the most high-profile cases each year. While securities cases rarely go to trial, the firm is one of the few to have recently achieved successful jury verdicts in securities litigation. Andrew Clubok and Blair Connelly in New York and Matthew Rawlinson in Silicon Valley lead the practice. Rawlinson and up-and-coming partner Jason Hegt (also in New York) recently represented Apple in a high-stakes securities class action alleging that the company was liable as a control person for the allegedly false and misleading statements of former strategic supplier GT Advanced Technologies. Clubok, who also works from the Washington DC office, successfully defended Chipotle Mexican Grill in a $1bn class action. Litigation co-chair Jeff Hammel, who is currently handling two securities class actions for London-based luxury fashion retailer Farfetch, is acknowledged as one of the most experienced practitioners in the market. Colleen Smith in San Diego is also an emerging partner talent, particularly for cases in the pharmaceutical and life sciences industries.
Andrew Clubok; Matt Rawlinson; Blair Connelly
Other key lawyers:
Colleen Smith; Jason Hegt; Jeff Hammel
Chipotle Mexican Grill
General Electric Company (GE)
Goldman Sachs, Citibank, and Stifel Bank
Larry Ellison and Safra Catz
Nissan Motor Co.
Philip Morris International
Yogaworks Securities Litigation
- Obtained a huge trial victory on behalf of UBS before the New York Supreme Court against hedge funds affiliated with Highland Capital Management.
- Successfully defended Chipotle Mexican Grill, and several of its current and former officers, in a putative securities fraud class actions claiming nearly $1bn in damages.
- Achieved a watershed victory for Restoration Robotics, Inc. in a post-IPO securities class action filed in San Mateo County Superior Court.
'The team is responsive, develops sound litigation strategies and is great to work with', says a client of Paul, Weiss, Rifkind, Wharton & Garrison LLP. The firm is acknowledged to be a go-to firm for bet-the-company securities litigation for financial institutions, large corporations and their directors and officers, with equal strengths in shareholder class actions, derivative suits, and government investigations and enforcement actions. Firm chair Brad Karp oversees the practice with co-chairs of securities litigation Susanna Buergel, Audra Soloway and Andrew Ehrlich. Soloway, who is 'effective in bringing cases into focus and developing strategies for dismissal', defeated a putative class action for AEA Investors arising from its IPO and secondary public offering. Karp, Buergel and veteran litigator Richard Rosen handled class action litigation and regulatory investigations for Morgan Stanley in which plaintiffs allege conspiracy to rig the pricing of Treasury Bills. Daniel Kramer is another prominent practitioner; he is currently handling a matter for biopharmaceutical giant Alexion Pharmaceuticals. Contacts in Washington DC include Kenneth Gallo, who is co-chair of the litigation department, and emerging talent Jane O’Brien.
Brad Karp; Susanna Buergel; Andrew Ehrlich; Audra Soloway
Other key lawyers:
Kenneth Gallo; Richard Rosen; Daniel Kramer; Jane O’Brien
‘The team is responsive and develops sound litigation strategies. The team is excellent and great to work with.’
‘I really appreciate Audra Soloway and her leadership. She is quite effective in bringing cases into focus and developing strategies for dismissal.’
Shearman & Sterling LLP has strong bases in both New York and California for securities litigation, resulting in a flow of work from Wall Street and from Silicon Valley. The firm also has a growing presence in Texas, where it handles securities matters for clients in the oil and gas industry. Nationwide, IPO-related disputes and 10b5 stockdrop cases account for most of its work, with a notable recent highlight being its work for Uber in securities class actions alleging that its IPO prospectus contained materially false or misleading statements. It is 'the pre-eminent securities litigation and regulatory enforcement firm in the US’, according to one market source, while another notes that 'it has been at the top of this game forever'. Global managing partner Adam Hakki leads the practice from New York with key partners Richard Schwed and Patrick Robbins. Hakki, Daniel Lewis and San Francisco-based Daniel Laguardia are defending the underwriters of Tesla's 2017 bond issuance in a complaint alleging the company misrepresented production capacity for its Model 3. Agnès Dunogué in New York is also a key figure in the practice.
Adam Hakki; Richard Schwed; Patrick Robbins
Other key lawyers:
Daniel Lewis; Danial Laguardia; Agnès Dunogué
Bank of America Merrill Lynch
Nikko Asset Management
Sundial Growers Inc.
Uber Technologies, Inc.
Intercontinental Exchange, Inc.
Dycom Industries Inc.
Bank of Montreal
The Bank of Nova Scotia
- Obtained a recent dismissal for Altice USA, its board of directors, and Altice Europe in a putative securities class action pending in New York Supreme Court, Queens County.
- Achieved a major litigation victory in a putative securities class action in New York State Court on behalf of Sundial Growers Inc.
- Achieved a significant victory for CEMEX LatAm Holdings, S.A. in a putative securities fraud class action in the US District Court for the Southern District of New York.
Simpson Thacher & Bartlett LLP in New York has 'great litigators with strong experience and good knowledge of the industry'. The firm continues to add to its long list of victories for both corporates and financial institutions, and last year successfully resolved long-running cases against SeaWorld Entertainment including a securities class action and shareholder derivative litigation in Delaware; plaintiffs in the class action alleged that SeaWorld made misrepresentations regarding the impact of the documentary film Blackfish on its attendance. Jonathan Youngwood, who is 'super-smart, easy to work with and practical', led that matter. He is global co-chair of the litigation department along with Paul Curnin, who worked with emerging talent Craig Waldman to defend Bausch Health Companies, formerly Valeant Pharmaceuticals, in a class action alleging fraudulent misstatements prior to a fall in the company's market capitalization. Palo Alto-based James Kreissman and Stephen Blake frequently handle cases in hi-tech and emerging industry sectors, among them the defense of Chinese online micro-lender Qudian in cases arising from a fall in its stock price. Susannah Geltman in New York is also making her mark in high-profile cases.
Paul Curnin; Jonathan Youngwood
Other key lawyers:
Craig Waldman; James Kreissman; Stephen Blake; Susannah Geltman
‘Strong experience, great litigators, good knowledge of the industry.’
‘Jon Youngwood is a rock star. Super smart, easy to work with, practical.’
Alibaba Group Holding Ltd
Bausch Healthcare (f/k/a Valeant Pharmaceuticals)
The Blackstone Group, LP
Deutsche Bank AG
J.P. Morgan Chase & Co.
Kohlberg Kravis Roberts & Co.
Micron Technology, Inc.
Morgan Stanley & Co. Inc.
The Toronto-Dominion Bank
UBS Group AG
ViacomCBS Inc. (f/k/a CBS Corporation)
- Successfully resolved high-profile lawsuits against SeaWorld Entertainment.
- Obtaining dismissal of Kentucky Retirement Systems derivative litigation on behalf of Pacific Alternative Asset Management Co. and Prisma Capital Partners.
- Obtaining dismissal of multiple fraud suits against Valeant Pharmaceuticals (n/k/a Bausch Health Companies).
Skadden, Arps, Slate, Meagher & Flom LLP
Skadden, Arps, Slate, Meagher & Flom LLP in New York has a substantial market presence in securities litigation and has a stellar track record of success in 10b5 class actions and matters involving Chinese issuers, financial institutions, start-up technology companies and life sciences firms, as well as some of the largest Fortune 100 corporations. The firm frequently tops the league for the largest number of securities litigation defense filings and is frequently involved in both precedent-setting cases and disputes in new and emerging sectors. Jay Kasner leads the national securities litigation practice, with deputy heads Scott Musoff and Susan Saltzstein also managing the group's work. Musoff's work for subsidiaries of BlackRock in one of the largest cases in history against mutual funds, is typical of the firm's involvement in high-stakes matters. Kasner is currently representing LVMH Moet Hennessy-Louis Vuitton SE in cases, including a 10b5 class action, concerning alleged misrepresentations contained in a merger agreement between the company and Tiffany & Co.
Jay Kasner; Scott Musoff; Susan Saltzstein
Weil, Gotshal & Manges LLP in New York is recognized by clients for the dedication and specialization of its team, as well as the individual capabilities of its lawyers. The firm has a deep bench of partners focused exclusively on securities, breach of fiduciary and M&A litigation, regulatory matters and corporate governance disputes. Its role in high-profile matters that shape the future of the market was confirmed in 2020 when it secured a favourable settlement for Signet Jewelers in a consolidated multibillion-dollar securities class action involving multiple allegations of fraud. Veteran litigator Joseph Allerhand led that case with Stacy Nettleton, who is 'a stand-out junior partner with a bright future'. Allerhand and John Neuwirth, who is 'extremely intelligent, aggressive but sensible, and at the end of the day, always focused on the client', are co-heads of securities litigation. Up-and-coming partners Evert Christensen and Caroline Zalka, who handle both deal-related cases and securities fraud claims, are increasingly prominent in the market.
Joseph Allerhand; John Neuwirth
Other key lawyers:
Evert Christensen; Caroline Zalka; Stacy Nettleton
‘We have entrusted Weil with our business for some time because we know that we will get top-tier service from all attorneys involved in our engagements. Since so many of our engagements ultimately involve dealing with shareholder issues and litigation, it is important to draw on a firm with a pronounced and dedicated securities litigation capability, which is one of the traits that distinguishes Weil from other firms, and their people in that space are particularly sharp.’
‘John Neuwirth, the co-head of Weil’s Securities Litigation practice, has been our lead lawyer on all of our litigation engagements. We have had nothing but great experiences with John. He is extremely intelligent, aggressive but sensible, and at the end of the day, always focused on the client. He understands and clearly conveys the business ramifications of litigation. In addition, Evert Christensen is a securities litigation partner who works closely with John, and has for several years. Evert has extremely high acumen. He is a very impressive lawyer.’
‘The team has a depth of experience in the securities litigation space that is unparalleled. ’
‘Stacy Nettleton has an incredible way to bring a practical perspective into your litigation strategy. She has a wonderful presence in the court room and also a stand out presence in the boardroom. Stacy is a true professional.’
‘Gold standard in terms of substantive work and results fostered by a group of dedicated specialists who focus solely on business and securities litigation.’
‘John Neuwirth is well recognized as an expert in this field with countless dismissals and successes to back up that reputation. Stacy Nettleton is a stand-out junior partner with a bright future.’
Walgreens Boots Alliance
Willis Towers Watson
Fidelity National Financial
Elanco Animal Health
Campbell Soup Company
Jefferies Financial Group
J.C. Flowers & Co.
- Successfully resolved for Sanofi a long-running billion-dollar breach of contract dispute brought by holders of contingent value rights issued following Sanofi’s $20.1bn acquisition of Genzyme Corp. in 2011.
- Represented the Brazilian financial company in a two-week arbitration relating to the acquisition of a Swiss bank later implicated in the FIFA and 1MDB scandals, and secured an extremely favorable $260m settlement for our client.
WilmerHale has experience and depth of expertise in defending state and federal securities class actions and shareholder derivative claims that few can rival, especially with the recent expansion of its securities litigation group. The firm has a deep bench that reaches from coast to coast. William McLucas leads the securities department, with Washington DC-based Christopher Davies, Andrea Robinson in Boston and Susan Schroeder in New York serving as vice-chairs. The securities litigation practice, however, is led by Michael Bongiorno in New York and DC-based Matthew Martens. A major victory achieved by Martens and Timothy Perla for Merrill Lynch, arising from a 2016 regulatory settlement between Merrill Lynch and the SEC, is reflective of the firm's high profile among financial institutions. For corporate issuers, the firm has been involved in some precedent-setting matters, most notably a victory for Blue Apron, which established for the first time that the charters of Delaware corporations may include a provision that requires securities class actions to be brought only in federal court. Kevin Muck and Susan Muck, who are 'very competent, available and responsive', joined the San Francisco office from Fenwick & West LLP, bringing with them decades of experience in securities class actions and derivative litigation.
William McLucas; Christopher Davies; Andrea Robinson; Susan Schroeder; Michael Bongiorno; Matthew Martens
Other key lawyers:
Kevin Muck; Susan Muck; Timothy Perla
‘Kevin and Susan Muck are very competent, available, responsive, and they listen to and adequately address all my concerns. They don’t dismiss my concerns or make me feel like I should just trust them because they’re the experts.’
Assertio Therapeutics (formerly known as Depomed, Inc.)
Blue Apron Holdings, Inc.
Comcast Cable Communications, LLC
Electronics for Imaging, Inc.
Glencore plc, Ivan Glasenberg, Steven Kalmin
Merrill Lynch Pierce, Fenner & Smith, Inc. and Merrill Lynch Professional Clearing Corp.
Navient Solutions, Inc.
Royal Bank of Scotland Group plc
Demand Review Committee of the Board of Directors of Sempra Energy
Top Ships, Inc.
Members of the Board of Directors of Uber Technologies, Inc.
- Successfully represented Blue Apron in landmark case, establishing that Delaware corporations may legally enact forum selection clauses requiring Securities Act class actions to be filed only in federal court.
- Obtained dismissal of securities fraud claims on behalf of Glencore plc and certain individuals based on alleged international bribery schemes on forum non-conveniens grounds.
- Obtained dismissal of shareholder derivative action brought against Uber’s board for breach of fiduciary duty relating to its acquisition of Ottomotto and subsequent Waymo trade secret litigation; dismissal was affirmed by the Delaware Supreme Court.
Cleary Gottlieb Steen & Hamilton
Cleary Gottlieb Steen & Hamilton's New York-based litigation group is 'very knowledgeable in securities litigation and makes strong, reasonable arguments on behalf of its clients'. It has obtained emphatic victories for large issuer clients, including a significant ruling denying class certification on the grounds in a securities class action against Allergan on the basis that the lead plaintiff and its counsel were inadequate. The practice is led by Roger Cooper, who 'responds very quickly and with solid answers'. Also among its core practitioners are Jared Gerber, 'a very communicative and responsive attorney, who is very easy to work with and stays on top of the matter', and former federal prosecutor Victor Hou, who's broad practice encompasses government enforcement cases, white-collar criminal defense and securities litigation. Gerber and Hou secured the dismissal with prejudice of a class action against Synchrony Financial, alleging that the company made materially misleading statements concerning underwriting practices and partner relationships.
Other key lawyers:
Jared Gerber; Victor Hou
‘The Cleary team is very knowledgeable re the subject matter (securities litigation) and makes strong, reasonable arguments on behalf of its clients.’
‘Jared Gerber at Cleary is very knowledgeable re the subject matter. He is a very communicative and responsive attorney. He is very easy to work with and stays on top of the matter.’
‘The team is very experienced and the level of service is high. They are responsive and pleasant.’
‘Roger Cooper is a very talented lawyer. He responds very quickly and with solid answers. He is very cooperative and understands the client’s needs.’
Three NAI-Affiliated directors of CBS
OPKO Health, Inc.
Former executive of BRF S.A.
Temasek Life Sciences Private Limited
Sky Solar Holdings, Limited
Bank of America – Merrill Lynch
- Represented Shari Redstone and two other National Amusements-affiliated CBS Directors, David Andelman and Robert Klieger, in a putative securities class action in the Southern District of New York concerning the widely reported alleged sexual misconduct by former CEO Leslie Moonves and a broader pattern of alleged sexual misconduct at CBS News.
- Representing pharmaceutical company Allergan plc and several of its current and former officers and directors in a securities class action brought in the United States District Court for the Southern District of New York alleging that the company made misstatements and omissions concerning the health risks associated with certain breast implant products.
- Represented Synchrony Financial and certain of its officers and directors in successfully obtaining the dismissal with prejudice of a putative securities class action in the District of Connecticut concerning the company’s underwriting standards and partner relationships.
Cooley LLP is predominantly focused on securities litigation involving clients in the technology and life sciences industries, which together account for more than 50% of the total number of securities class actions filed each year in the US. Acting in the the defense of issuers in shareholder litigation, the firm has a stellar track record in securing the dismissed of securities class actions in pre-trial motions. The firm has defended more life sciences companies in securities class actions during the last ten years than any other firm, and its strong presence in the technology sector is confirmed by on-going matters such as the defense of Twitter and two of former officers in a securities class action alleging that the company made false or misleading statements about its user growth and engagement. The core team is based in San Diego, where Koji Fukumura, Peter Adams and Ryan Blair are the main practitioners, but the practice group also has a presence in Boston, Seattle, Palo Alto and New York.
Other key lawyers:
Peter Adams; Ryan Blair
Activision Blizzard, Inc.
Arlo Technologies, Inc.
Bloom Energy Corporation
Zoom Video Communications, Inc
- Representing Qualcomm in a federal securities class action related to Broadcom, Inc.’s $105bn failed hostile bid to acquire Qualcomm.
- Representing Twitter and two of its former officers in a securities class action alleging that Twitter made false or misleading statements about its user growth and engagement.
- Represents CenturyLink (now known as Lumen) in a complex securities class action currently pending in an MDL proceeding in the District of Minnesota in which the plaintiffs claim that CenturyLink misled investors by failing to disclose what plaintiffs claim was a scheme to materially inflate CenturyLink’s revenues by billing customers for products and services they did not order.
The securities litigation group at Debevoise & Plimpton LLP 'stands out for its sophistication, its overall quality and its stellar track record'. Well known for its federal and state regulatory enforcement work, the firm also handles a wide range of securities litigation that includes class actions and multi-jurisdictional matters for both financial services institutions and corporate issuers. The group is led by Maeve O’Connor in New York, who is 'smart in all the ways that matter most for a litigator', and Jonathan Tuttle in Washington DC, who has 'a no-nonsense approach that makes him a terrific resource and asset for clients'. O'Connor and up-and-coming partner Elliot Greenfield secured a favourable settlement for MetLife in a class action challenging the company's practices with regard to payment of death benefits and escheatment of unclaimed death benefits. In New York, former chair of the SEC Mary Jo White takes the lead on regulatory enforcement matters.
Maeve O’Connor; Jonathan Tuttle
Other key lawyers:
Mary Jo White; Elliot Greenfield
‘The Debevoise securities litigation team stands out for its sophistication, its overall quality, and its stellar track record. In addition, the attorneys I know in the group are extremely dedicated to their clients, and are delightful to work with.’
‘In my view, their strength is in good old-fashioned lawyering, which they do extraordinarily well.’
‘Maeve O’Connor is one of the best and most intelligent lawyers I have ever worked with, period. Maeve is smart in all the ways that matter most for a litigator. She is a brilliant strategic and tactical thinker, always several steps of her opponents and always taking an approach that will resonate with the audience, whether judges, clients, or opposing counsel. In fact, she’s kind of a judge-whisperer, somehow able to put forward the winning argument every time.’
‘Jon Tuttle is simply amazing, with deep knowledge about the securities industry and legal issues and a practical, no-nonsense approach that makes him a terrific resource and asset for clients.’
‘Excellent to work with as co-counsel, collaborative and collegial.’
‘Maeve O’Connor and Elliot Greenfield are outstanding attorneys, very good to work with as co-counsel.’
‘They are some of the smartest, most ethical lawyers and are also a pleasure to work with. The firm values the relationships with its clients and provides top notch, highly strategic legal work but understands the need for a strong relationship and partnership with in-house counsel. Their mid-level and senior associates are very strong, and they only bill for partner time when necessary and appropriate.’
‘They take diversity seriously and their teams represent this commitment, especially when it comes to women.’
‘Elliot Greenfield and Maeve O’Connor are two of the smartest lawyers I have ever worked with.’
Prudential Financial, Inc.
Capital One Financial Corp.
JP Morgan & Chase, Inc.
Robinhood Markets, Inc.
Tribune Media Company
Ripple Labs, Inc.
Winged Foot Golf Club and the Board of Directors of the Winged Foot Holding Corporation
J&T Banka, A.S. and Postova Banka, A.S.
Federal Reserve Bank of New York
Clayton Dubilier & Rice LLC
The We Company/WeWork
Elyse Douglas, former Chief Financial Officer of Hertz Global Holdings, Inc.
Dechert LLP benefits from a large network of US offices stretching from the East Coast to the West Coast, as well as a strong global presence, that enables it to represent both domestic and international companies and their officers and directors in securities class actions, shareholder derivative suits, mutual fund litigation, internal investigations and regulatory enforcement proceedings. David Kistenbroker in Chicago and David Kelley in New York lead the trials, investigations and securities practice. Clients recognize the firm as having ‘partners with a depth of experience, including several former SEC staffers, who can provide an edge and expertise when dealing with securities claims and issues‘. Among them are New York-based Andrew Levander, who is defending the former CEO and Chairman of Hertz Corporation against allegations of fraud, and deputy chair for strategic growth Matthew Larrabee. Joni Jacobsen in Chicago handles both securities class action litigation and SEC investigations. Veteran securities litigator Michael Kichline joined Morgan, Lewis & Bockius LLP in Philadelphia.
David Kistenbroker; David Kelley
Other key lawyers:
Matthew Larrabee; Andrew Levander; Joni Jacobsen; Anthony Kelly
‘Dechert has partners with a depth of experience, including several former SEC staffers, who can provide an edge and expertise when dealing with securities claims and issues. Their time commitment and availability for clients is unmatched.’
‘The addition of Anthony Kelly, former co-chief of the SEC’s Asset Management enforcement division, was an exceptional hire for clients in the financial services sector. He is able to provide insight into regulatory thinking and guidance in ways other partners cannot.’
‘The firm has deep knowledge of securities defense work.’
‘David Kistenbroker is the consummate professional and manages to keep me involved at exactly the right level.’
‘Extremely well-organized. Incredible talent. Able to deliver best results under pressure. Very strategic. Confident.’
‘For my case I worked with 2 law firms. Dechert was miles ahead in terms of talent. If I could go back in time, I would have worked exclusively with Dechert.’
‘We couldn’t be happier with the Dechert securities litigation defense team – not just in terms of results, but great sound judgment throughout as well as a great ability to work well with our in-house team and local counsel. The Dechert team cared only about getting the best result for our company and didn’t care where the best ideas came from and executed a flawless strategy to achieve a complete victory.’
‘The Dechert team knew that D&I is of critical importance to us and staffed our matter in a way that provided a very diverse team with major roles for the diverse attorneys. The Dechert team also came up with an Alternative Fee Arrangement that was quite fair for us and them, based on their extensive experience in class action matters.’
‘David Kistenbroker and Joni Jacobsen really stood out. They took the time to really understand our business which allowed them to better present a strong defense for us.’
‘The partners I worked closely with on various projects and across different areas of the law were very responsive, extremely knowledgeable in their area of expertise, and practical. I found the quality of advice and guidance I received very high and effective. The firm has high consistency in quality across the partners working there.’
‘I work with a number of large firms and Dechert is one of the very few firms that are very accommodating and generous in their billing especially to small private tech companies. They were willing to work with my company on a billing structure that recognized the small size of the company and its comparatively limited financial resources.’
Molson Coors Beverage Company
Intelligent Systems, Matthew A. White, J. Leland Strange, A. Russell Chandler, III, Philip H. Moise
Antares Pharma Inc.
Ronald Winowiecki, former Chief Financial Officer of Perrigo Company plc
Digital Ally, Inc.
Mallinckrodt Public Limited Company, Mark C. Trudeau, Bryan M. Reasons, George A. Kegler, and Matthew K. Harbaugh
Former CFO Greg Rush of Syneos Health
Leslie Moonves, former Chairman and CEO of CBS Corporation
Lipocine, Inc.; Mahesh V. Patel; Morgan R. Brown
Molson Coors Beverage Company
PPG Industries, Inc. and its CEO Michael H. McGarry and CFO Vincent J. Morales
Qihoo 360 Technology and Eric X. Chen
Grand Slam Capital Master Fund, LTD.; Kevin Dotts and Keith Soldan
Eugene McQuade, former President and Chief Operating Officer of Freddie Mac
Zynerba Pharmaceuticals, Inc.
Fried, Frank, Harris, Shriver & Jacobson LLP is recognized for its 'outstanding service and advocacy, high levels of engagement, and strong business acumen and problem-solving skills'. The service group has broad expertise, acting for corporate issuers, financial institutions, special committees and officers and directors in cases filed in state and federal courts throughout the US. Scott Luftglass and Peter Simmons are co-chairs of the securities and shareholder litigation practice, which is overseen by 'smart, hardworking' global chair of litigation James Wareham in Washington DC. Wareham is currently representing sports apparel company Under Armour in a consolidated securities class action alleging that the company concealed a host of sales problems caused by supposedly declining consumer demand. Robin Henry and Motty Shulman in New York, who are recent partner hires from Boies Schiller Flexner LLP, combine general commercial and securities litigation skills; the duo also have expertise in disputes involving complex financial instruments.
James Wareham; Scott Luftglass; Peter Simmons
Other key lawyers:
Stephen Juris; Robin Henry; Motty Shulman
‘Jamie Wareham and Stephen Juris provide outstanding service and advocacy, high levels of engagement, and strong business acumen and problem-solving skills.’
‘There are many good firms and Fried Frank is among the best.’
‘Jamie Wareham is smart, hardworking, experienced and totally dedicated to getting the best results for the client.’
‘Extremely insightful. Always knows what the other side is trying to do and crafts great strategies on how to counter. Gives practical advice about how to handle challenges day to day.’
‘James Wareham is absolutely the best litigator and dispute resolution expert I have ever worked with. He was as much life coach as he was my lawyer. He always fielded late night and weekend phone calls, even when to discuss frustrations vs. legal matters.’
Sinclair Broadcast Group
Evoqua Water Technologies
Seritage Growth Properties
Gregory Kelly, Former Representative Director of Nissan Motor Co.
Apollo Global Management
Amundi Pioneer Investments
XpresSpa Group, Inc.
- Counsel to Under Armour, Inc. and members of its Board of Directors in connection with multiple securities class action and derivative litigation matters.
- Achieved a key dismissal for Sinclair Broadcast Group in a securities class action litigation related to Tribune Media Company’s termination of a proposed merger between the parties, as well as achieved favorable resolutions in various other lawsuits relating thereto.
- Counsel to Perrigo in connection with multiple securities litigation, commercial arbitration, and associated advisory matters relating to the company’s strategic acquisitions and earnings announcements.
Goodwin has a stellar list of corporate issuer clients, particularly in the technology and life sciences sectors that account for a large proportion of the securities litigation cases filed in the US. The firm's main focus is on the life sciences, biotechnology and pharmaceutical industries, though it is also called upon to defend financial institutions in securities cases. More recently, it has also represented corporates and individuals in the blockchain and digital currency industry in SEC investigations and enforcement actions, as well as in securities class actions. Anthony Fiotto in Boston and Brian Pastuszenski in New York lead the practice, in which Boston-based co-head of complex litigation Deborah Birnbach plays a central role. Birnbach and Adam Slutsky secured the dismissal with prejudice of a derivative action against drug company Esperion Therapeutics which alleged false and misleading statements concerning its communications with the FDA. Douglas Flaum in New York is also recommended.
Anthony Fiotto; Brian Pastuszenski
Other key lawyers:
Deborah Birnbach; Douglas Flaum; Adam Slutsky
‘Doug Flaum is strategic, detail oriented and responsive.’
Cancer Genetics, Inc.
Cognizant Technology Solutions Corporation
JP Morgan Investment Management, Inc.
BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., HSBC Securities (USA) Inc., MUFG Securities Americas Inc., RBC Capital Markets LLC, Societe Generale Americas Securities LLC, SMBC Nikko Securities America, Inc., BBVA Securities Inc., CIBC World Markets Corp., Mizuho Securities USA LLC, PNC Capital Markets LLC, Scotia Capital (USA) Inc., Standard Chartered Bank, US Bancorp Investments, Inc., Academy Securities, Inc., Loop Capital Markets LLC, and The Williams Capital Group, L.P.
Lionbridge Technologies, Inc.
Cowen and Company, LLC
Surface Oncology, Inc. (and Board of Directors)
Axogen, Inc. Syndicates of Underwriters (one led by SVB Leerink LLC and including Cantor Fitzgerald & Co. and JMP Securities LLC, and the other led by
Greenberg Traurig, LLP has a vastly experienced practice in the defense of securities class actions, derivative lawsuits, SEC investigations and enforcement actions, with key practitioners located in offices across the US. Working with the white-collar criminal defense and governmental affairs practices, the partners offer a rounded view of all types of litigation for major D&O insurance carriers. In West Palm Beach, Bradford Kaufman—who brought to conclusion a long-running case against for Barclays chairman Roger Jenkins concerning conspiracy to commit fraud—and Tracy Gerber frequently defend major Wall Street brokerage firms. Robert Horowitz in New York and Karl Dial in Dallas are ‘clear, timely and substantive‘ in their advice. William Briendel in Westchester County and New York is also a key adviser to the broker-dealer community. Daniel Tyukody in Los Angeles is recognized as one of a select few lawyers to have tried a securities class action to judgment and have the verdict confirmed on appeal.
Bradford Kaufman; William Briendel; Robert Horowitz; Daniel Tyukody; Tracy Gerber
Other key lawyers:
‘Robert Horowitz and Karl Dial are very factual based in their analysis of the Securities Class Actions and government Investigations filed against their Clients and our Insureds. And as very ethical attorneys. If their client wants to resolve the investigation or Securities Class Action, they provide us the necessary details and permit us to provide our input and evaluation.’
‘Robert Horowitz and Karl Dial are clear, timely and substantive. Often their competitors will only tell us the necessary information when the litigation is at the trail stage or at the mediation.’
Helios & Matheson Analytics, Inc. (MoviePass)
Allegiant Travel Company
US Virgin Island Properties, LLC
Walton International Group, Inc.
Zion Oil & Gas, Inc.
Stiefel Laboratories, Inc.
Vos Hospitality/Greystone Entities
SJL Partners LLC, KCC Corp. and Wonik Holdings Co.
Barry-Wehmiller Group, Inc.
- Secured a successful conclusion a long-standing investigation on behalf of Roger Jenkins, Barclays’ former chairman of investment banking for the Middle East.
- Representing a former public company and its directors and officers in a Rule 10b-5 securities class action filed in federal court in the Southern District of New York (Chang v. Helios and Matheson Analytics, Inc., et al.).
- Representing the parent company of Allegiant Airlines and its directors and officers in both a Rule 10b-5 securities class action filed in federal court (Checkman v. Allegiant Travel Co., et al.) and two tag-along derivative cases (City of Warren Police & Fire Retir. Sys. v. Gallagher, et al., and Fullenkamp v. Gallagher, et al.) in a matter arising out of an April 15, 2018 CBS “60 Minutes” broadcast.
Milbank's New York office is frequently called upon to represent underwriters, issuers, banks, broker-dealers, investment advisers, accounting firms and individual defendants in securities class actions and derivative suits. A large proportion of its caseload includes high-stakes multi-jurisdictional cases, and its litigators work closely with the firm's market-leading broker-dealer regulatory practice, and strong bench of white-collar crime and SEC enforcement lawyers. In fact, the firm is acknowledged as one of the leading advisers to investment advisers on cases under the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940. George Canellos and Daniel Perry are global head and practice group leader, respectively, of firm's litigation and arbitration group. Within that group, Scott Edelman and Sean Murphy are the standout practitioners for securities litigation. Murphy secured a significant trial victory for Great-West Life & Annuity Insurance Company and Great-West Capital Management seeking $100m damages in a long-running excessive fees case.
George Canellos; Daniel Perry
Other key lawyers:
Scott Edelman; Sean Murphy
Primero Mining Corp.
Sociedad Quimica y Minera de Chile S.A. (SQM)
Société Générale Americas Securities, LLC
The experienced litigation and enforcement specialists at Morgan, Lewis & Bockius LLP are sought after by a diverse array of public and private companies, financial institutions, underwriters, and officers and directors for high-stakes matters in federal and state courts. Contacts in the Boston office include Timothy Burke, who is practice area leader for securities enforcement and litigation, and head of securities litigation Jordan Hershman. Hershman and up-and-coming partner Emily Renshaw (also in Boston) obtained a rare dismissal from the bench of securities class action claims filed against generic pharmaceuticals producer Teva Pharmaceutical Industries and many of its current and former officers and directors. Jeff Boujoukos, who is Burke's deputy, joined from the regional office of the SEC and is the main contact in Philadelphia. The vastly experienced Charlene Shimada in San Francisco also play key roles in the firm's nationwide litigation and enforcement practice. She secured two major victories for underwriters of Chinese search engine operator Sogou's IPO.
Timothy Burke; Jeff Boujoukos; Jordan Hershman
Other key lawyers:
Emily Renshaw; Charlene Shimada
J.P. Morgan Securities LLC
Cowen and Company, LLC
BMO Capital Markets Corp.
ODN Holding Corp.
Synchronoss Technologies, Inc.
Tempur Sealy International, Inc.
Teva Pharmaceuticals Industries Ltd.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Jefferies LLC and Jefferies International Limited
Zyla Life Sciences
- Obtained a rare dismissal from the bench of securities class action claims filed against Teva Pharmaceutical Industries Ltd., the world’s leading provider of generic pharmaceuticals, and many of its current and former officers and directors.
- Represented seven former officers and directors of ODN Holding Corp. in a two-week trial in Delaware Chancery Court in The Frederick Hsu Living Trust v. ODN Holding.
- Achieved a significant victory for an underwriting syndicate in a securities class action filed in the US District Court for the Eastern District of Pennsylvania arising from the initial public offering of Livent Corporation.
O'Melveny & Myers LLP acts as trusted counsel to financial institutions, often in their role as underwriters, as well as to corporate issuers in securities class actions, institutional investor suits and derivative cases across the US. Jonathan Rosenberg in New York and Matthew Close in Los Angeles are co-chairs of securities litigation. Close recently defeated a proposed class action against real estate and investment management company Colony Capital, following its reduction in projected dividends in 2018. The firm has a deep bench of experienced litigators including LA-based Seth Aronson who secured the dismissal with prejudice of a securities fraud class action against Skechers. Amy Park in Silicon Valley is 'a sharpshooter securities litigator who quickly understands the complex issues at hand'. Firm chair Bradley Butwin in New York is also a prominent litigator for major financial firms and has a successful track record defending clients in complex commercial matters, including securities litigation.
Jonathan Rosenberg; Matthew Close
Other key lawyers:
Seth Aronson; Bradley Butwin; Daniel Petrocelli; Amy Park
‘They are really good. Dan Petrocelli is world-class, and the team is exceptionally deep.’
‘Dan Petrocelli is superior in all respects. He is extremely bright and has great judgment and experience. Matt Close is great on securities matters. They have a very deep team.’
‘Amy Park is a sharpshooter securities litigator. We loved the availability of the counsel to work in a global time zone situation and quickly understand the complex issues at hand. The response was timely, factual, to-the-point, technically sound, and most importantly super upfront.’
‘Their ability to work around the clock and with the remote collaboration technology in a legally sound manner in order to support difficult disputes is remarkably innovative and different from others.’
‘Amy Park is the best at what she does. Amy knows technical and tactical details of securities disputes in depth. Her inclusion in our legal team brought us a calmness of understanding knowing the dynamics of the legal processes. Amy navigated the matter in a predictable manner to a reasonable and expected outcome without unnecessarily stretching it.’
Apollo Global Management, LLC
Former Directors of WageWorks, Inc.
Sonim Technologies, Inc.
J2 Global, Inc.
- Recently defeated a proposed class action in California Federal Court on behalf of global real estate and investment management firm, Colony Capital.
- Successfully persuaded the Second Circuit to affirm Southern District of New York Judge Analisa Torres’s decision to dismiss allegations that Skechers USA and its CEO and CFO committed securities fraud based on allegedly false and misleading statements about the company’s sales growth prospects.
Orrick, Herrington & Sutcliffe LLP fields a deep bench of experienced practitioners who are 'candid and timely with advice'. Its presence across the country sees it engaged by financial institutions and corporate issuers in key industry sectors, including technology and life sciences. Robert Stern in Washington DC chairs the 'pragmatic, commercial and available' white-collar, investigations, securities litigation and compliance practice group. Working with Richard Morvillo, he settled a case for TD Ameritrade concerning trading losses in highly leveraged derivatives positions. James Kramer heads the securities litigation group in San Francisco. He and emerging talent Alex Talarides are currently acting for Apple in a class action arising from the company's announcement in 2019 that it was lowering its Q1 revenue guidance. Also in San Francisco, Kenneth Herzinger won a precedent-setting case for The Elastos Foundation, while in Los Angeles, Michael Tu is handling a major class action for cloud-based analytics firm Gridsum Holding. Walter Brown joined the San Francisco office Paul, Weiss, Rifkind, Wharton & Garrison LLP in early 2021.
Other key lawyers:
Robert Stern; Richard Morvillo; Alex Talarides; Kenneth Herzinger; Michael Tu
‘A strong team with depth that is candid and timely with advice. Acknowledges when further expertise is warranted and brings the right resources into the team in a seamless integration.’
‘Rob Stern is an excellent attorney and strategist as well as a superb client attorney. He is a guy you want in your corner.’
‘Pragmatic, commercial and available.’
PayPal Holdings, Inc.
RBC Capital Markets
Johnson & Johnson
The Elastos Foundation
Gridsum Holding, Inc.
David Britt – KPMG
Helius Medical Technologies
Ernst & Young Global Limited (In the Matter of Luckin Coffee)
- Representing Apple in a securities class action and parallel shareholder derivative action arising from Apple’s announcement in January 2019 that it was lowering its revenue guidance for the first quarter of FY2019 to $84bn from the previously-provided range of $89-93bn.
- Acting as lead strategic counsel for Johnson & Johnson (J&J) in their defense of a securities class action alleging that, between 2013 and 2017, J&J issued numerous public statements that were materially false or misleading.
- Secured a ruling preserving the removal of certain Securities Act class actions to federal court under the Class Action Fairness Act, on behalf of The Elastos Foundation.
Based in Washington DC, the team at Williams & Connolly LLP is ‘fully seeped in the law and always deeply prepared on the facts'. The firm leverages the experience of its trial and appellate advocates, coupled with in-depth knowledge of securities laws, to handle litigation and enforcement matters for leading companies, among them Intel, The Carlyle Group and AstraZeneca. Steven Farina and the 'brilliant, practical and efficient' Robert Van Kirk are the lead partners. Of recent note, Van Kirk worked with emerging talent John Williams to defend hospital and ambulatory services provider Tenet Healthcare Corporation in a $600m shareholder derivative suit arising from its resolution of a False Claims Act investigation. Farina and up-and-coming partner Amanda MacDonald are defending AmTrust Financial Services in a securities fraud class action alleging the company made a series of misstatements about its finances dating back to 2012.
Steven Farina; Robert Van Kirk
Other key lawyers:
Amanda MacDonald; John Williams
‘This team is the best – fully seeped in the law and always deeply prepared on the facts. Couple that with being user friendly and plain spoken. Couldn’t ask for better advocates.’
‘Bob Van Kirk sets the standard for outside counsel. Brilliant, practical and efficient. The only problem is that there is only one of him.’
Tenet Healthcare Corporation
AmTrust Financial Services
The Carlyle Group, Inc., various affiliated entities, and the former directors of Authentix, Inc
HSBC Bank USA
The Carlyle Group, Inc.
The Former CEO and the former Chairman of the Board of Immunomedics
Former CEO of Booz Allen
Entrepreneur and Co-Founder of ZocDoc
- Representing CVS Health in multiple pending federal and state securities class actions alleging 1933 and 1934 Act violations relating to its acquisition of Omnicare in 2015 and subsequent accounting judgments.
- Representing hospital and ambulatory services provider Tenet Healthcare Corporation in securities and shareholder derivative litigation arising out of its resolution of a False Claims Act investigation.
- Representing AmTrust Financial Services in a putative securities fraud class action alleging AmTrust made a series of misstatements about its finances dating back to 2012.
The securities litigation group in Willkie Farr & Gallagher LLP's New York office is 'top-notch and every year handles some of the most complex and novel securities cases'. The firm has a broad client base, representing issuers, underwriters, and auditors in securities class actions, frequently obtaining significant victories in securities fraud cases. Its work also encompasses cases arising from IPOs, as well as internal or government investigations. 'Litigation-tough and solution-savvy' chair of litigation Tariq Mundiya 'behaves like a fox in the courtroom and is quick on his feet'; for Liberty Tax, he secured the dismissal of multi-forum securities and derivative litigation arising from the alleged conduct of Liberty’s founder and controlling stockholder. Todd Cosenza and Antonio Yanez are co-chair of the securities litigation group. Cosenza continues to be involved in high-profile cases, a prime example being his work for more than 30 underwriters to Uber’s IPO in securities class actions in California.
Tariq Mundiya; Todd Cosenza; Antonio Yanez
‘The Willkie securities team is top-notch and every year handles some of the most complex and novel securities cases. Willkie won a complete dismissal of a #MeToo securities fraud case in New York, which was affirmed on appeal at the second circuit.’
‘Tariq Mundiya is an excellent attorney that can be best described as: litigation tough and solution savvy. Day in and day out, he handles some of the most novel and complex securities ligation cases throughout the country. In the courtroom, Tariq behaves like a fox, always able to see the big picture, wise, quick on his feet, and attuned to clues in the surrounding terrain. Using creative legal strategies to address complex securities issues, Tariq is able to lead his clients to victory time and again, often in bet-the-company litigation. I would say Tariq is one of the most talented lawyers in America – he’s bright, has impeccable judgment, and will pull out all the stops for a victory.’
Morgan Stanley & Co. LLC
Goldman Sachs & Co. LLC
Liberty Tax Inc.
JP Morgan Securities LLC
Curo Group Holdings Corp.
Resideo Technologies Inc.
Vintage Capital Management, LLC
- Won a dismissal of securities and derivative litigation against Liberty tax arising from the alleged conduct of Liberty’s founder and controlling stockholder.
- Won dismissal of a major securities class action lawsuit filed against CenturyLink Inc. relating to its $34bn merger with Level 3 Communications, Inc.
- Won dismissal of the underwriters in a securities class action arising from the May 2019 IPO of Uber Technologies Inc.
Arnold & Porter has a national presence and a diverse caseload, frequently handling claims of market manipulation and insider trading, as well as allegations of accounting improprieties, misrepresentations and omissions in public statements, and breaches of fiduciary duty. The firm works on such matters for an impressive array of public companies, accounting firms, broker-dealers, investment and commercial banks, hedge funds and other financial services entities. Veronica Callahan in New York and Michael Trager in Washington DC are co-chairs of the securities enforcement and litigation practice, which handles high-stakes class actions and derivative actions, as well as SEC, CFTC, DOJ and FINRA investigations. Callahan and and Aaron Miner in New York are currently defending Yelp in a securities class action alleging misrepresentations and omissions relating to retention levels for local advertisers.
Veronica Callahan; Michael Trager
Other key lawyers:
Aegis Capital Corp.
AIG/National Union Fire Insurance Company of Pittsburgh, Pa.
Charles Schwab & Co.
RSM US LLP
Triaxx Asset Management
TSR, Inc. and the Board of Directors of TSR Inc.
Special Committee of the Board of Directors of Western Union Co.
W&M Helenthal Holding, LLC; Smart-Fill Management Group, Inc.; Chaffee Family GST Trust
- Defending Yelp and its current and former officers in a securities class action alleging misrepresentations and omissions relating to retention levels for local advertisers.
- Independent counsel to the special committee of the board of the Western Union Company charged with reviewing and investigating shareholder demand letters alleging breaches of directors’ and officers’ duty to oversee anti-money laundering and fraud compliance related to the cross-border transfer of fund.
- Advising RSM US LLP on its response to an SEC enforcement subpoena as well as subpoenas issued by the Commonwealth of Massachusetts’ Securities Division and the NJ Bureau of Securities, relating to RSM’s audit of GPB Holdings II and affiliated entities.
Baker Botts L.L.P. has 'very smart lawyers, industry leaders and experts in the law', whom clients praise for their 'understanding and creativity'. From its base in Texas, the firm has built a national reputation in complex securities class actions, as well as opt-out suits and derivative cases. A substantial proportion of its work derives from the energy sector. Jessica Pulliam in Dallas, who leads the securities litigation group with Houston-based Amy Pharr Hefley, obtained a complete victory in a class action on behalf of Zion Oil & Gas, with the court ruling that plaintiff failed to allege falsity concerning Zion’s claim that it had discovered oil in one of its wells. Key partner David Sterling, also based in Houston, is described by one client as 'the dean of the Texas securities bar'.
Jessica Pulliam; Amy Hefley
Other key lawyers:
‘A strong securities litigation practice – very smart lawyers, industry leaders and experts in the law.’
‘These are leading securities lawyers. They have set the law at the US Supreme Court and provide go-to advice for clients.’
‘Jessica Pulliam is a star. David Sterling is the dean of the Texas securities bar.’
‘What makes Baker Botts unique is their understanding and creativity. I always felt like my situation was unique and personal to them and that they were endeavouring to find the optimal solution for our issues.’
‘In interactions with other firms, particularly in the area of securities work, there is a sense that each matter is the same and that clients are essentially interchangeable. While that may be efficient in most instances, we found ourselves in a very unique dispute, that needed far more effort to understand the situation and range of outcomes. I felt like Amy Hefley did a fantastic job of helping us understand our position, the risks involved, and what the range of outcomes could be. Ultimately, I felt like we had the full support of the firm in helping us achieve the best outcome possible.’
Zion Oil & Gas, Inc.
Warren Resources and Officers and Directors
Chicago Bridge & Iron Company N.V.
FTS International Services, LLC
Officers and Directors of Adeptus Health, Inc.
Gulfport Energy Corporation
Mabvax Therapeutics Holdings, Inc.
Eagle Canyon Partners, LLC
Ansgar Media, LLC and Jake Seal
- Obtained complete defense victories for Zion Oil & Gas in class actions across multiple jurisdictions.
- Represented Vectren Corporation and its board in connection with five putative class actions and two individual lawsuits filed in the S.D. Ill. in July 2018 following the April 2018 announcement of its $6bn merger with CenterPoint Energy Inc.
- Represent Chicago Bridge & Iron Company (CB&I), its former CEO Philip Asherman, and its former CAO Westley Stockton in In re Chicago Bridge & Iron Company N.V. Securities Litigation, a 10(b) securities class action pending in the Southern District of New York; CB&I and Messrs. Asherman and Stockton in three related opt-out lawsuits brought by certain institutional shareholders in the Southern District of New York, alleging violations of Sections 10(b) and 18 of the Exchange Act; and CB&I, Messrs. Asherman and Stockton, and CB&I’s former CFO Ronald Ballschmiede in a related individual action filed in District Court in Montgomery County, Texas.
Baker McKenzie joins the ranking having invested heavily in its US litigation capability in recent years and enjoying a consequent rise to prominence in high-profile and complex regulatory actions and securities fraud cases. Perrie Weiner in Los Angeles, who is chair of the North America securities litigation group, joined from DLA Piper LLP (US) in 2019 along with Edward Totino who specializes in class actions, complex commercial disputes and securities litigation. The firm has become a key player in emerging areas of litigation, among them cryptocurrency cases, where Weiner and Totino, along with of counsel Ben Turner, secured the dismissal of a securities class action against a high-profile investor, in a case alleging that he and other defendants amassed a controlling interest in publicly-traded Riot Blockchain, and then engaged in manipulative trading to artificially inflate the company's stock price.
Other key lawyers:
Edward Totino; Ben Turner
‘My knowledge of the firm’s strengths is primarily through Perrie Weiner. The firm’s international breadth is very useful when we have questions about the application of a particular country’s laws. Perrie has quickly put us in touch with the experts in the particular country, which has been invaluable.’
‘I have worked with Perrie Weiner for over 20 years, when he was at several different firms. We have used him on a number of matters – we have followed him to represent us at each new firm. Perrie is currently working for us on a class action securities matter where he took over representation from another law firm – the initial law firm selection was made by a co-defendant, not us. Perrie is an excellent securities litigator. He recognizes the legal issues and business imperatives, and works hard to get through the matter to a cost-efficient resolution. I highly recommend him without reservation.’
H.C. Wainwright & Co.
Dutchess Capital Management
Bristol Capital Advisors
Green Dot Corporation
Ares Management Corporation
MDB Capital Group
Liquid Venture Partners, LLC
- Successfully represented a billionaire investor in three securities class action matters.
- Represented a privately held investment bank as the underwriters in a securities class action, where the issuer, SenesTech, was a co-defendant.
The litigation group at Cadwalader, Wickersham & Taft LLP in New York is ‘technically sound and knowledgable, but also has keen commercial savvy and insights, resulting in useful, actionable advice and guidance‘. The firm has in-depth knowledge of the financial services sector, from which most of its securities litigation work arises. It advises commercial and investment banks, private equity firms, hedge funds, and many other market participants, working with its London office to handle transatlantic cases. Global litigation head Jason Halper is ‘a statesman who leads with effective advocacy and carries the big stick of the trial practice that his team brings to bear‘. With Washington DC-based Rachel Rodman (formerly of Williams & Connolly LLP) and an experienced team of associates, Halper is handling complex litigation arising from the cessation of LIBOR. He is also involved in cases concerning exchange-traded notes, including the defense of Janus Henderson Group.
Other key lawyers:
Jared Stanisci; Gillian Burns; Rachel Rodman
‘Cadwalader is experienced in securities litigation and takes that expertise to provide quality service by being able to think practically about business implications with every decision.’
‘The individuals are practical thinking and understand their business. Able to think commercially. Jason Halper is fantastic.’
‘The team is incredibly close-knit. They are very responsive, very professional and incredibly knowledgeable. They are an absolute pleasure to work with!’
‘Jason Halper and associate Gillian Burns, in particular, are worth pointing out. They are incredible attorneys and equally as wonderful people. Their knowledge is unparalleled and their dedication to helping others is amazing.’
‘Jason Halper is excellent.’
‘Jason Halper is a statesman who leads with his effective advocacy and carries the big stick of the trial practice that his team brings to bear. Jason knows how to navigate the waters of dispute resolution with fear or hesitancy but certainly with the knowledge that his word is gold and his credibility unquestioned.’
‘The fact that they actually try cases is innovative in this day and age when a actual trial intimidates many and is not affordable for most. Jason Halper in particular stands out.’
‘CWT’s litigation team is very experienced, well staffed and delegates work internally well. The team communicates well internally, as well as providing we as client with timely, succinct updates. The CWT team is technically sound and knowledgable, but also has keen commercial savvy and insights, resulting in useful, actionable advice and guidance.’
‘Jason Halper as lead, and associates Jared Stanisci and Gillian Burns as experienced senior counsel have provided seamless, aligned service and excellent legal work product. Jason Halper’s representation of our firm before the 2nd Circuit Court of Appeals was excellent.’
Medley Management Inc. (“MMI”), and its senior executives and directors, Brook Taube, Seth Taube and Jeffrey Tonkel
Janus Henderson Group plc, Janus Index & Calculation Services LLC, and Janus Distributors LLC
MBIA, Inc. (MBIA)
Kevin Marsh, former CEO of SCANA Corporation
Corindus Vascular Robotics, Inc.
Hudson Executive Capital
Assured Guaranty Corp.
Clifford Chance's global network of offices positions the New York office perfectly to handle securities litigation involving overseas banks and corporates facing complaints under US law. The practice is 'very commercially-minded with broad experience' and includes seven former federal prosecutors. It has been involved in class actions and government investigations regarding LIBOR and Treasury Securities Auctions. Among recent highlights, it is handling the defense of ICBC Standard Bank in US class action litigation concerning alleged manipulation of platinum and palladium benchmarks in London. Robert Houck is the lead partner and clients note that he is 'terrific with clients and understands that it is about their business, not his case'. Partner Robert Rice, previously chief counsel to the chair of the SEC, is 'a tremendous asset with years of government experience'.
Other key lawyers:
Robert Rice; John Friel
‘Very commercially-minded with broad experience.’
‘Rob Houck is an excellent lawyer. He is terrific with clients and understands that it is about their business, not his case. He is a very thoughtful and effective advocate with regulators. And he’s great to work with.’
‘A strong team in NYC tapped into firm-wide resources and expertise.’
‘Rob Houck is a terrific problem solver and all-around great litigator. A pleasure to work with. Bob Rice brings years of government experience to bear; a tremendous asset.’
‘Rob Houck is a very talented securities and white-collar lawyer and strategist. I had the privilege of working with Rob on a criminal antitrust matter a few years ago, and I got to see up close his skill, as he interviewed my three clients, all employees of the company Rob represented. He was an excellent interviewer: clear, thorough, and strategic in terms of what he asked and how he asked his questions. John Friel also worked on the same matter, and I was impressed by him as well.’
‘Clifford Chance has an excellent team in New York and they represent financial institutions in important securities litigation matters.’
‘Rob Houck is an excellent and skilled partner that has the confidence of many clients, and is an effective advocate. The international platform is a strength for them.’
‘Legal knowledge was exceptional, but balanced with a business consideration.’
‘Relentless, smart, easy to work with. They listen to the client, understand the business aspect and have resourceful lawyers.’
Bank of Montreal
ICBC Standard Bank Plc
The Royal Bank of Scotland
Mike Lynch, founder of Autonomy
- Defending ICBC Standard Bank plc, a large financial institution, in US class action litigation concerning alleged manipulation of platinum and palladium benchmarks in London.
- Advising Dr Mike Lynch in connection with civil litigation and criminal investigations in the UK and US.
- Involved in several of the largest industry-wide matters, including the class actions for LIBOR and Treasury Securities Auctions.
Cohen & Gresser LLP
Cohen & Gresser LLP has extensive experience in all aspects of securities, shareholder, and derivative litigation based largely on its understanding of complex financial products and the operations of the financial services sector. The majority of the firm's work focuses on the defense of broker-dealers, investment advisors, hedge funds and private equity funds in securities litigation and FINRA arbitrations.'They are a cut above', says a client of practice heads Mark Cohen and Lawrence Gresser. They lead a group of 'trial lawyers who are very effective at knowing their audience, staying on message, and telling a persuasive and winning story'. Gale Dick plays a prominent role in the practice and handled a $300m damages claim against a former outside director of bankrupt fuel supplier Aegean Marine Petroleum Network.
Mark Cohen; Lawrence Gresser
Other key lawyers:
Gale Dick; Nathaniel Read
‘They are a cut above. When it comes to litigation there is a difference between litigators and trial lawyers. The lawyers at Cohen & Gresser LLP are trial lawyers. They are very effective at knowing their audience, staying on message, and telling a persuasive and winning story.’
‘They seem to be very focused on diversity and strategic growth of their service offerings and footprint. These guys have a well-thought out strategy and are executing it perfectly.’
‘Partners Mark Cohen and Nathaniel Read are excellent to work with. I consider them both to be trial lawyers as opposed to boardroom litigators, and Mr. Cohen is one of the best trial lawyers I have seen. They are very professional. Very responsive. They exhibit great judgment. Their papers are high-quality to match their oral advocacy. They are also quite a bargain in my opinion. They have no discernible weaknesses in my view.’
John Tavlarios, a former outside director of Aegean Marine Petroleum Network Inc.
Winged Foot Holdings
George Scorsis and Rene Gulliver, the former CEO and CFO (respectively) of Liberty Health Sciences, a Canadian holding company in the cannabis industry
- Representing John Tavlarios, a former outside director of now-bankrupt Aegean Marine Petroleum Network, previously one of the largest independent fuel suppliers of the world, as a defendant in a consolidated securities class action case filed in the US District Court for the Southern District of New York.
- Representing the holding corporation of a prominent golf club in a shareholder derivative litigation filed by the shareholders against the club itself and certain directors of the holding company.
- Defending the former CEO and CFO of Liberty Health Sciences, a Canadian publicly-traded company that operates cannabis producers and dispensaries in certain US states which have legalized cannabis for medicinal and recreational use, in connection with a shareholder class action commenced in the US District Court for the Southern District of New York.
Dentons has a skilled dispute resolution practice for which securities litigation is a key focus. The firm has scored high-profile victories, notably in securities class actions, its on-going work includes the defense of New York Stock Exchange LLC, NYSE Arca, and CHX in a market manipulation case alleging that the provision of proprietary data feeds, colocation services, and complex order types by all major US equities exchanges allowed high-frequency trading firms to manipulate trades. Global co-head of financial services Douglas Henkin in New York and Chicago-based co-chair of the global financial markets litigation and regulatory group Stephen Senderowitz are leading that matter. Head of US litigation Sandra Hauser in New York and Kenneth Pfaehler in Washington DC are active in both litigation and regulatory enforcement matters.
Sandra Hauser; Stephen Senderowitz; Douglas Henkin
Other key lawyers:
New York Stock Exchange
Canadian Imperial Bank of Commerce (CIBC)
Genworth Financial, Inc.
Metropolitan Life Insurance Company
Arrowood Indemnity Company, Arrowood Surplus Lines Insurance Company
Financial Industry Regulatory Authority, Inc.
Charles Schwab & Co.
First American Title Insurance Company
- Representing New York Stock Exchange LLC, NYSE Arca, Inc., and CHX in a Section 10(b) market manipulation case against all major US equities exchanges alleging that the exchanges’ provision of proprietary data feeds, colocation services, and complex order types allowed what plaintiffs call high frequency trading (HFT) firms to manipulate every equities trade in the US markets from 2009 through the present.
- Representing all NYSE equity exchanges in various past and current challenges to exchange fee filings.
- Defending First American Title Insurance Company in three separate civil lawsuits alleging its involvement in a sophisticated scheme to sell tenant-in-common real estate interests as unregistered securities.
Part of the strength of DLA Piper LLP (US) is its ability to engage experienced local counsel in courts across the US, whether in securities class actions or regulatory enforcement procedures. The firm's international office network also positions it well to handle cases involving both domestic and foreign corporates, investment banks, accounting firms, underwriters and investment advisers. John Clarke in New York and James Mathias in Baltimore lead the corporate and securities litigation practice. Among its prominent practitioners are Jeffrey Rotenberg and John Hillebrecht in New York who together acted for Hain Celestial Group in a class action alleging the company made misleading statements about its inventory and revenues because it was engaged in channel stuffing. Jason Lewis in Dallas also plays a central role in the practice.
John Clarke; James Mathias
Other key lawyers:
Jeffrey Rotenberg; John Hillebrecht; Jason Lewis
Hain Celestial Group, Inc.
Ray and Brett Berry
Atlas Financial Holdings, Inc.
Roth Capital Partners, LLC and Northland Securities, Inc. (Sky Solar Holdings Ltd. underwriters)
V Global Holdings LLC
Dr. Arthur Betz Laffer
Goldman Sachs & Co. LLC et al (MetLife underwriters)
RCI Hospitality Holding, Inc.
SAMCO Capital Markets, Inc.
Noble Capital Group, LLC; Noble Capital Fund Management, LLC
- Obtained reversal from the Seventh Circuit of a class certification order in a putative class action asserting claims of securities fraud against a prominent personal lines insurance company.
- Obtained dismissal of a putative securities class action complaint against Axogen, Inc.
- Obtained dismissal of a securities class action complaint against Hain Celestial Group, Inc.
Freshfields Bruckhaus Deringer LLP has 'outstanding personnel with excellent command of the issues and the law', thanks largely to an intense process of investment in its US litigation capability. The vastly experienced Meredith Kotler and new hire Mary Eaton (formerly at Willkie Farr & Gallagher LLP) are co-heads of securities and shareholder litigation. Kotler and Eaton are currently handling a 10b5 class action for 3M, which is accused of failing to disclose adequate and accurate reserves for environmental liabilities. In addition to the hire of Eaton, the firm also welcomed veteran litigator Boris Feldman in its new Silicon Valley office to lead its US technology practice; he is handling securities cases and regulatory enforcement matters for some of the biggest names in that sector. Feldman and up-and-coming partner Doru Gavril are currently acting for Royal Caribbean Cruises in a new securities class action relating to alleged false statements relating to Covid-19. Gavril and Feldman both joined from Wilson Sonsini Goodrich & Rosati.
Meredith Kotler; Mary Eaton
Other key lawyers:
Boris Feldman; Doru Gavril; Scott Eisman
‘Excellent command of the issues and law. Outstanding personnel. The firm listens, understands and explains well. Meredith Kotler is a great professional.’
‘Boris Feldman is highly ethical and his teams are consummately professional. He also is a leader in thought development about securities litigation issues.’
‘A small but mighty team. They are dedicated, creative, and work extremely hard.’
‘Meredith Kotler, Mary Eaton and Scott Eisman have all been excellent.’
‘Meredith Kotler is a leading subject matter expert in securities litigation. She is also very practical and gets to the heart of the issues.’
‘Meredith Kotler is easy to work with and is a valuable partner to lead you to favorable resolutions. She is a strong advocate who supports her positions with her substantial knowledge and experience.’
The 3M Company and several officers and directors
Alphabet, Inc., its current and former directors and executives
Energy Recovery, Inc.
Royal Caribbean Cruises Ltd.
Apyx Medical Corp. and Charles Goodwin
Air Products and Chemicals
Parker Petit, former CEO of MiMedx Group and former director of Intelligent Systems
Synchrony Financial, its Board of Directors, and several officers
Jones Day is highly active on behalf of corporate issuers and is noted for its 'deep securities and litigation knowledge' and for being 'excellent at working with directors and giving them certainty and comfort'. The firm defended a $2bn damages claim against Conagra Brands, in which plaintiffs alleged that the company misrepresented the potential benefits of its acquisition of Pinnacle. It also handles some bank-side work and is advising Wells Fargo on a class action concerning breach of fiduciary duty in failing to oversee securitized mortgage loan servicers. Henry Klehm in New York leads the practice, which is 'extremely sharp, well-coordinated, and highly responsive to both high-volume and time-sensitive requests'. Its most prominent practitioners are Cleveland-based Geoffrey Ritts, who led the Conagra case, and Atlanta-based Mike McConnell.
Other key lawyers:
Geoffrey Ritts; Mike McConnell
‘Deep securities and litigation knowledge. Excellent at working with directors and giving them certainty and comfort. Keen understanding of when management is needed to inform a board-level decision and when it is not.’
‘The team is extremely sharp, well-coordinated, and highly responsive to both high-volume and time-sensitive requests. Additionally, I can trust the team to speak one-on-one with non-lawyer stakeholders at the company.’
United States Steel Corporation
Goodyear Tire & Rubber Co.
Diebold Nixdorf Inc.
Dr. Reddy’s Laboratories, Ltd.
- Prevailed on behalf of Conagra Brands, Inc. in obtaining the dismissal of a securities class action alleging fraudulent misstatements about the expected benefits of a merger.
- Successfully defended directors and officers of The Goodyear Rubber & Tire Company in a shareholder derivative lawsuit alleging breaches of fiduciary duty by the board of directors and senior managers.
Katten has more than a dozen former Assistant US Attorneys and SEC enforcement attorneys, as well as a former DOJ Associate Attorney General in its ranks, giving the firm a substantial presence in both securities litigation and regulatory enforcement matters. Its national team, which also includes forensic accountants, has a strong track record in Section 11 IPO cases, and also has close ties with clients in key industry sectors, notably life sciences. Bruce Vanyo, who works in both Los Angeles and New York, chairs the securities litigation department and brings to bear more than 40 years' experience in complex cases. The 'smart and careful' Michael Diver in Chicago is 'dedicated to his clients and easy to work with'. Clients also recommend Chicago-based head of financial services litigation Christian Kemnitz.
Other key lawyers:
Michael Diver; Christian Kemnitz
‘Mike Diver is a smart and careful lawyer. Dedicated to his clients. Easy to work with.
‘Bruce Vanyo is a legend in the securities defense bar. Innovative. Brilliant.’
‘Bruce Vanyo has been involved in many of the key developments in securities law in recent decades.’
‘This team represents many industry participants, so we can benefit from the insights they have obtained from regulators in closed-door meetings and, more generally, from their broad experience. These insights are difficult to obtain and very valuable, as they help us stay ahead of the curve with addressing regulators’ concerns that have not yet been expressed in a formal, publicly available way. A lot of regulation is done by enforcement these days, and these insights help us avoid being on the receiving end of that enforcement. Especially at the partner level, the value is good.’
‘Christian Kemnitz is terrific. He takes a very pragmatic approach, and he is willing to dig into the details of trade logs and even trading code to get a good understanding. He has been practicing in this space for his entire career, and his relationships work to the benefit of his clients.’
BTA Bank JSC
Former CEO of SeaWorld
Former Frutarom officers
GR Companies, Inc.
RBC Capital Markets
UBS Securities LLC
- Represented Natera in four California state-court securities class actions that asserted claims under the Securities Act of 1933 in connection with Natera’s July 2015 initial public offering.
- Defending Stamps.com in multiple cases, including a securities class action, several stockholder derivative cases, and demands for books and records under Section 220 of the Delaware Corporation Code resulting from a more than 50% stock price drop.
- Representing the former directors of Frutarom Ltd. in a billion-dollar Section 10(b) securities class action that raises novel questions of cross-company liability.
King & Spalding LLP has handled more shareholder class actions than any other firm in the Eleventh and Fifth Circuits over the last twenty years, which is testament to its prominence in the Southeast and Southwest regions of the US. The firm frequently handles mid-market cases, but it is increasingly visible in high-value matters. Jessica Corley, Michael Smith and Warren Pope are the key partners in Atlanta. Pope and Smith secured the dismissal of a class action against Floor & Decor Holdings alleging it made misleading statements about its financial condition. Corley is handling four cases for US Xpress Enterprises arising from its IPO. Paul Bessette in Austin recently secured the dismissal of a class action against Lexicon Pharmaceuticals concerning clinical trials for a diabetes drug. Also of note, new partner hires from Boies Schiller Flexner LLP, including Damien Marshall and Andrew Michaelson, have boosted the team's presence in New York.
Jessica Corley; Michael Smith; Paul Bessette
Other key lawyers:
Warren Pope; Damien Marshall; Andrew Michaelson
AAC Holdings, Inc.
Acadia Healthcare Company, Inc.
Bristow Group, Inc.
Cardone Capital, LLC
Capital One Financial Corporation
Evolent Health, Inc.
Floor & Decor Holdings, Inc.
Global Brokerage Inc. f/k/a FXCM Inc.
Thomas S. Hall
Lexicon Pharmaceuticals, Inc.
Merit Medical Systems, Inc.
Newell Brands Inc.
Ripple Labs, Inc.
Tivity Health, Inc.
Triangle Capital Corporation
Trulieve Cannabis Corp.
U.S. Express Enterprises
Former executives and directors of Ventech
Mayer Brown's nationwide securities litigation practice is firmly focused on the financial services sector and acts predominantly for large banks. The firm was heavily involved in litigation arising from mortgage-backed securities implicated in the financial crisis of 2008, and is one of the few to see such matters among its recent and ongoing work. In 2020, Matthew Ingber in New York secured a victory for Bank of New York Mellon in litigation brought by an RMBS investor in 2011. The core team is based in New York, where Joseph De Simone is the lead partner. Richard Spehr is also involved in legacy RMBS cases and Steven Wolowitz is a key advisor to Société Générale in actions involving allegations of financial benchmark rate manipulation, delivering notable victories. Insider trading is a focus area for Glenn Vanzura in Los Angeles.
Joseph De Simone
Other key lawyers:
Glenn Vanzura; Matthew Ingber; Steven Wolowitz; Richard Spehr
Barclays Bank PLC
Bank of China
Bank of Montreal
Bank of New York Mellon
Canadian Imperial Bank of Commerce
Frontier Communications Corporation
- Secured a victory in the Tenth Circuit for BNY Mellon in litigation brought by an RMBS investor in 2011.
- Secured a victory for Citibank against Brigade Capital, an investment manager that received $174m out of a $893m mistaken payment by Citibank.
- Represent Frontier Communications Corporation, certain of its officers and directors, and other financial institutions, in federal securities and derivative actions and state derivative actions in connection with the company’s acquisition of Verizon accounts in California, Texas, and Florida.
'They have a deep understanding of securities litigation and have an impressive track record of achieving great results', say clients of Morrison & Foerster LLP. The firm has a deep bench of versatile litigators who can handle securities class actions, derivative cases and M&A disputes. Jordan Eth, Chrstine Wong and Mark Foster in San Francisco, along with James Koukios in Washington DC, are co-chairs of the securities litigation, enforcement and white-collar defense group. Eth and New York-based partner Jamie Levitt (who are 'clear, substantive and practical') along with Anna Erickson White in San Francisco, are representing Prothena Corp in a case arising from the discontinuation of a new drug candidate following a randomized controlled trial. New York-based partner Joel Haims is also key to the practice, having defended in class action and fraud actions filed by the SEC.
Jordan Eth; Christine Wong; Mark Foster; James Koukious
Other key lawyers:
Jamie Levitt; Anna Erickson White; Joel Haims; Ryan Keats
‘Joel Haims, Jordan Eth and Jamie Levitt are clear, substantive, very experienced, practical and very timely in providing the necessary details to us.’
‘This law firm handled many MLDs and they provide the necessary information in a clear ethical fashion. This firm is one of the best in United States, specifically in securities class action litigation.’
‘Joel Haims, Jordan Eth and Jamie Levitt are very timely and ethical in providing the information necessary to detail the exposure of the insured defendants.’
‘The attorney who represented us, Joel Haims is top-notch. He understands matters very well and quickly. So, he gets to heart of the dispute without waste of time or resources. He is very smart and can usually find a unique aspect of a matter that can provide leverage to get it settled.’
‘The people are excellent, including paralegals and administrative. Attorneys are very, very good. Billing is fair and they try to proceed in an economical manner.’
‘Joel Haims is a great attorney. A go to guy for any securities issues.’
‘Intelligent, experienced, cost-effective and sensitive. Calm, strategic, forward-thinking and with an excellent bed-side manner.’
‘Joel Haims is smart and practical. Gets to the core issues.’
‘Professional skills are excellent. They are also very client-focused and easy to work with.’
‘I have worked with Anna Erickson White and senior associate Ryan Keats over the last several years on securities litigation matters. We picked them to handle our securities litigation because they have a deep understanding of securities litigation, have handled a wide variety of securities litigation matters over decades, and have an impressive track record of achieving great results. They are known in Northern California as being the pre-eminent securities litigation firm with a ton of experience in the Northern District of California and Santa Clara County Superior in particular.’
‘Anna Erickson White is great to work with. The quality of her teams’ work-product is outstanding, she and her team are always thinking ahead regarding the best strategy for the litigation, and she brings a deep bench of experienced, dedicated lawyers to the matter. Not only is she an expert in her field, but she takes a practical and business-minded approach to litigation. She and her team work closely with my in-house team to make sure that the litigation strategy is consistent with our business goals. The team is also very responsive and easy to work with. Like a lot of GCs, I have a lot to juggle. I need someone whom I trust to look out for our interests and who can effectively communicate the important issues to me. Anna and her team do just that.’
‘In addition to Anna Erickson White, Ryan Keats, the senior associate on her team, stands out. His work product is excellent, he cares deeply about achieving great results for us, and he is always on top of the various tasks and issues.’
Monster Beverage Corporation
Banc of California
Goldman Sachs and Citigroup
SoftBank Group Corp
Pivotal Software Inc.
Prothena Corp. PLC
TerraVia Holdings, Inc.
BlackBerry Limited and its former CEO, CFO, and CLO
Farmland Partners Inc.
MedEquities Realty Trust
Education Realty Trust Inc.
Hospitalities Investors Trust
Array Photonics Inc.
Trilinc Global Impact Fund
- Defending BlackBerry Limited and certain of its former officers in consolidated securities fraud class actions.
- Representing Oracle’s directors in defense of related derivative actions.
- Represent SBG in a breach of contract action involving WeWork and WeWork’s founder.
Norton Rose Fulbright US LLP has nine US-based partners specializing in securities litigation and enforcement, all of whom are active in matters across the country from New York to Los Angeles. The firm has a healthy 75% dismissal rate for 10b5 class actions and its work encompasses both domestic and cross-border litigation, thanks in part to its extensive international network of offices. Kevin Harnisch in Washington DC leads the regulation, investigations, securities and compliance practice, which has prominent lawyers in key locations across the US. In Dallas, Rodney Acker and Ellen Sessions are currently representing Sterling Partners, LLC in an opt-out securities fraud lawsuit filed in Texas. Securities litigation partner Gerard Pecht in Houston is now the firm's global CEO. Stephen Dollar in New York also handles high-profile litigation and regulatory investigations.
Other key lawyers:
Stephen Dollar; Rodney Acker; Ellen Sessions; Gerard Pecht
Hamilton Beach Brands Holding Company (HBBHC)
Sterling Partners, LLC
Cabot Oil & Gas Corporation
Uranium Energy Corp.
Harvest Natural Resources
XBiotech USA, Inc.
Sierra Oncology (f/k/a ProNAi Therapeutics)
Payment Data Systems, Inc.
- Successfully defended the former directors of Tesco Corporation in a Section 14(a) securities class action filed in the Southern District of Texas arising from Tesco’s combination with Nabors Industries.
- Representation of a significant third-party in Canada in the SEC’s litigation against Kik Interactive Inc., a Canadian messaging company.
- Represented Bellicum Pharmaceuticals and its officers in a Rule 10b5 class action lawsuit in the Southern District of Texas arising from a clinical hold placed by the FDA on Bellicum’s lead drug candidate.
Paul Hastings LLP has significant capabilities on both the East and West Coasts, as well as in key centers such as Houston and Chicago. The firm’s New York group is frequently engaged in high-end securities litigation matters involving investment banks, as well as SEC investigations. The partners in California are also active in securities fraud cases, regulatory investigations and criminal matters. Peter Stone in Palo Alto and Kevin Broughel in New York lead a team of 13 'super-smart, hardworking and efficient' partners. Also recommended in New York are global chair of litigation Barry Sher, who secured the dismissal of a class action concerning the SSA bond market for Barclays Bank, and experienced partner Kevin Logue. Clients also recommend Samuel Cooper in Houston, 'a bona fide superstar, with deep substantive knowledge and trial experience'.
Peter Stone; Kevin Broughel
Other key lawyers:
Samuel Cooper; Kevin Broughel; Barry Sher; Kevin Logue
‘Super-smart, hardworking and efficient.’
‘Sam Cooper is a bona fide superstar, with deep substantive knowledge and trial experience.’
Royal Bank of Canada
Brookfield Investment Management Inc.
Morgan Stanley & Co. LLC
Credit Suisse Securities (USA) LLC
BofA Securities, Inc.
UBS Securities LLC
Riot Blockchain, Inc.
J.P. Morgan Securities LLC
Enbridge Energy Partners
DWS (Deutsche Bank affiliate)
- Representing Barclays Bank PLC and certain of its affiliates in In Re SSA Bonds Antitrust Litigation, a putative class action lawsuit filed in the US District Court for the Southern District of New York. The case involves a putative class of purchasers of supranational, sovereign, and agency (SSA) bonds that accused Barclays, and more than 30 other financial institutions, of being involved in a global, decade-long conspiracy to fix prices and restrain competition in the $9tn SSA bond market.
- Representing Barclays Capital Inc. in Litovich v. Bank of America, et. al., a putative class action lawsuit filed in April 2020 in the US District Court for the Southern District of New York. The case involves a putative class of purchasers that accuse Barclays and various other banks of being involved in a conspiracy to fix prices and restrain competition on odd-lots of corporate bonds (i.e., bond trades less than $1m in par value) sold in the secondary market.
- Representing RBC in LAMP v. Bank of America, et. al. filed on April 1, 2020 in the Eastern District of Louisiana. Plaintiff accuses RBC and two dozen other financial institutions of being involve in a multi-year conspiracy to fix prices and restrain competition on sales of bonds issued by government sponsored entities (GSEs), such as Fannie Mae, Freddie Mac, etc., in the secondary market.
The securities litigation and regulation practice at Proskauer Rose LLP is known for its 'cross-border experience and a service-oriented approach to clients' needs'. Led by Ann Ashton in Washington DC, the group handles high-profile litigation and regulatory enforcement matters for corporate issuers and financial institutions. Also in DC, Ralph Ferrara is playing a prominent role in the firm's work for the Financial Oversight and Management Board for Puerto Rico in matters arising from the territory's $74bn of bond debt and $55bn of underfunded public pension liabilities. Additionally, Ashton and Ferrara secured several victories for trucking company YRC Worldwide, including the dismissal of a securities class action alleging that the company failed to disclose a governmental investigation. Gregg Mashberg in New York is the key contact on the East Coast.
Other key lawyers:
Ralph Ferrara; Gregg Mashberg
‘The team is extremely experienced and thanks to their experience working within the SEC and other regulatory organizations, they understand what drives the regulators and how to properly address any inquiries from the regulators.’
‘The main advantage of Proskauer compared to other firms is that most firms are very good at telling you the risk of what one can’t do. However, Proskauer is willing to advise clients on how to properly get things done. In addition to that, I have found that the partners are always personally available, 24/7 if necessary, to provide advice.’
‘Hard Work. Service-oriented to clients’ needs. Cross-border experience. Qualified lawyers to deal with complex trials. Negotiation skills and performance in litigations.’
Financial Oversight and Management Board of Puerto Rico
The Depository Trust & Clearing Corporation (DTCC)
Kempner Capital Management LP
Several large hedge fund advisers (over $10B AUM)
Bed Bath & Beyond Inc.
Ropes & Gray LLP has a large and experienced civil litigation team, which has deep experience in securities litigation. It is known for providing 'very practical and actionable advice' to private equity funds, hedge funds, credit funds and other alternative asset management firms. Although mutual funds remain its key area of focus for securities litigation, the firm also acts for both public and private companies in the life sciences sector in shareholder, transaction and derivative litigation. David Hennes in New York is handling a major fiduciary case for Deutsche Bank alleging that it failed to properly supervise the bank and its employees over the last decade. Peter Welsh in Boston, who leads the corporate and securities litigation practice with Hennes, is 'responsive, smart, practical and will go the extra step'. Anne Johnson Palmer in San Francisco is an emerging talent in complex litigation.
David Hennes; Peter Welsh
Other key lawyers:
Anne Johnson Palmer
‘Very practical and actionable advice. Team members work collaboratively to provide holistic views and issue spot with great peripheral vision. ’
‘Peter Welsh is responsive, smart, practical and will go the extra step to think through additional items and try to find other colleagues who may be able to add value to the client.’
Allianz Global Investors
Bain Capital Investors LLC
Deutsche Bank AG, DB USA Corp., and 44 current and former directors and officers of Deutsche Bank AG
Metropolitan West Asset Management
Morgan Stanley & Co. LLC
Nine West Joint Defense Group
REV Group, Inc.
The Goldman Sachs Group, Inc.
TPG Global, LLC
- Defending AllianzGI in 11 related class action litigations recently filed by institutional investors in AllianzGI’s Structured Alpha strategy, a complex options-based strategy which experienced significant losses during the March 2020 market volatility sparked by Covid-19.
- Won an important victory in a case of first impression on a cutting-edge issue following the Supreme Court’s decision in Cyan v. Beaver County.
- Secured the dismissal of securities class action claims brought against the underwriters of two securities offerings by AmTrust Financial.
Sullivan & Cromwell LLP
Vinson & Elkins LLP 'has a history of success, works hard, displays great teamwork and gets results’. The firm has a deep bench of litigators who are best known for advising clients in the energy sector, but who are increasingly active for other corporate issuers, underwriters, accounting firms and financial institutions. Jim Thompson in Houston and John Wander in Dallas lead the litigation practice, with co-heads of complex commercial litigation Craig Seebald in Washington DC and Michael Holmes in Dallas also involved in securities cases. The 'knowledgeable and successful' Mike Charlson in San Francisco, who is co-head of the securities and shareholder litigation and enforcement group, worked with Holmes and Wander to successfully defend Caiman Energy at trial before the Delaware Supreme Court in a case arising from the proposed IPO of a joint venture affiliate.
Jim Thompson; John Wander; Craig Seebald; Michael Holmes; Mike Charlson
‘The firm has a history of success, works hard, displays great teamwork and gets results.’
‘Mike Charlson is knowledgeable and successful. Beyond that he supports his team, educates them, and gives them appropriate responsibility.’
‘Smart, practical, and zealous advocates. As knowledgeable as any big NY firm in the USA with competitive rates, top talent, and no pretention. Just good lawyers that are easy to work with and get you great results.’
‘Michael Holmes is one of the best securities, M&A, corporate governance litigation lawyers out there.’
C&J Energy Services, Inc.
Energy Transfer Equity, LP
Plains All American Pipeline, LP
EnCap Investments, LP
Caiman Energy II, LLC
Applied Optoelectronics, Inc.
Sixth Street Partners
Energy XXI Ltd.
Genius Brands International, Inc., its CEO Andy Heyward, its CFO Robert Denton and members of its Board of Directors
First United Corporation and members of its Board of Directors.
Standard Fiber Investors, LLC; and two officers of its operating subsidiary Standard Fiber LLC — its Class A Manager Glenn Boschetto, and its Chief Financial Officer Brett Scharff and investor WR/SF Investments, LLC.
- In highly expedited litigation that went from complaint to trial in seven weeks, a multi-firm defense team defeated the plaintiff’s claim that an entity must retain geographic restrictions in its governing documents following its IPO.
- Acting as lead litigation counsel for Plains All American Pipeline, L.P. and its officers/directors in securities and unitholder litigation arising from a highly publicized pipeline leak near Refugio State Beach, along the California coast.
Wachtell, Lipton, Rosen & Katz in New York has a standout corporate transactional practice, which leads the firm to handle complex and high-profile securities litigation for major corporate issuers, among them Fortune 500 companies, leading financial institutions and multinational enterprises. Jonathan Moses and William Savitt are the key contacts.
Winston & Strawn LLP is highly regarded for its work in parallel and civil proceedings following governmental investigations, qui tam lawsuits and other high-stakes cases in heavily regulated sectors such as healthcare and financial services. Head of securities litigation James Smith leads the practice from New York, where Matthew DiRisio is among the prominent partners. Together, they are acting for medical device company Becton Dickinson in a federal securities class action alleging over $9bn in lost market capitalization following the announcement of a recall of a flagship product. John Schreiber, who divides time between Los Angeles and New York, works closely with Smith in major cases, among them a class action for Teva Pharmaceuticals. Schreiber also led the defense of Macquarie Infrastructure Corporation in a piggyback shareholder suit filed after the company's announcement of its 2017 financial results and dividend guidance which led to a drop in its market capitalization of more than $2bn. In 2020, the firm merged with Scheper Kim & Harris, adding on-the-ground securities litigation capabilities in Los Angeles.
Other key lawyers:
Matthew DiRisio; John Schreiber
Becton, Dickinson and Company
Howard B. Schiller, former CFO of Valeant Pharmaceuticals International, Inc.
Jernigan Capital, Inc. and its board of directors
Macquarie Infrastructure Corporation (MIC)
Teva Pharmaceuticals Industries Limited
TreeHouse Foods, Inc.
- Representing Becton Dickinson, a leading medical device company at the forefront of the Covid-19 response, in a federal securities class action alleging over $9bn in lost market capitalization following announcement of a recall of a flagship product.
- Representing Teva Pharmaceuticals Industries Limited and certain of its former officers in a federal securities class action arising from a False Claims Act action recently filed by the Department of Justice, as well as piggyback derivative litigation.
Akin Gump Strauss Hauer & Feld LLP is known for representing leading financial institutions and public companies, including private investment funds, broker dealers, and public accounting firms, in private litigation arising under the federal securities and commodities laws, as well as in related investigations and enforcement proceedings. The team is regularly involved in cutting-edge litigation, including short-swing trading claims, for private equity and hedge funds, which is the main area of focus for head of litigation Stephen Baldini. Scott Barnard and Michelle Reed, both based in Dallas, secured a victory for Tandy Leather Factory in a securities class action arising from a fall in its stock price after it disclosed that it its quarterly reports would be delayed.
Other key lawyers:
Scott Barnard; Michelle Reed
Tandy Leather Factory
Scopia Capital Management
Commercial Metals Company
Cimarex Energy Co. / Resolute Energy Corp.
Tower Research Capital
Civitas Capital Management
- Secured a victory for Tandy Leather Factory, Inc. and its current and former executives in a securities class action, resulting in complete dismissal of the case.
- Represented multiple funds clients in securities cases alleging “short-swing trading” violations of Section 16(b) of the Exchange Act.
Baker & Hostetler LLP handles both regulatory matters and high-stakes litigation for public and private companies, as well as their executives, in matters ranging from securities class actions to major governmental investigations. Douglas Greene, who works from both the Seattle and New York offices, leads the firm’s securities and governance litigation group. He represents major national and international corporations in high-profile securities class actions, including an on-going class action against Eagle Bancorp alleging that certain of the company’s reports and other public statements contained materially false or misleading statements concerning party loans and internal controls. New York-based John Carney, who is co-chair of the white-collar, investigations and securities enforcement practice, is acting as receiver of hedge funds that were revealed to be a $1bn Ponzi scheme.
John Carney; Douglas Greene
Receiver of Michael Kenwood Group
Eagle Bancorp, Inc.
Greenlane Holdings, Inc.
Directors and Officers of Pareteum Corporation
Priyanka Singh (EDPA Litigation)
Liquid Realty General Partners, LLC
Namaste Technologies, Inc.
National Securities Corporation
Congressman Chris Collins
- Defending Greenlane Holdings in three securities class actions regarding vaping regulations and jurisdictional questions relating to Florida state court claims and US Supreme Court decisions.
- Representing the former CFO of USA Technologies Inc., in a joint SEC/DOJ investigation regarding account issues and financial restatement.
- Representing the receiver in the seizure of the Michael Kenwood Group, a Ponzi scheme consisting of multiple offshore hedge funds and related entities.
Litigators at Fenwick & West LLP are rated by clients for their ability to 'communicate in an informal business language rather than legalese which sets them apart from many other law firms'. Based in California, the firm frequently acts for leading companies and individuals in the technology sector. Its recent work includes securing the dismissal of a securities fraud class action against Tesla and Elon Musk that alleged they misrepresented the company's ability to meet anticipated production capacity. In September 2020, former lead partners Susan Muck and Kevin Muck joined WilmerHale's San Francisco office. Dean Kristy in San Francisco and Felix Lee in Mountain View now lead the practice group.
Dean Kristy; Felix Lee
‘The team I work with is very candid and logical in their assessment, explanation, as well as approaches to litigation defense. They are able to communicate in an informal business language rather than legalese which sets them apart from many other law firms. They don’t leave you to deal with junior lawyers.’
‘Dean Kristy has supported me on my most recent case. He has been a pleasure to work with. He is very approachable and available anytime you need him.’
‘Very smart and practical lawyers who understand our business and industry.’
‘Dean Kristy and Felix Lee are outstanding securities lawyers.’
Hughes Hubbard & Reed LLP has been active in the development of securities law for more than 40 years, thanks to its defense of public and private companies, directors and officers, underwriters and other professionals, as well as its in-depth knowledge of the accounting sector. It is the only major firm to have represented all of the Big Four accounting firms in litigation, arbitration, SEC enforcement matters, PCAOB and state accountancy board investigations. Jointly led by Kevin Abikoff in Washington DC and New-York-based partners William Maguire and Marc Weinstein, the practice group 'has a very impressive combination of legal skills and the ability to handle very complicated facts on a large scale'. Maguire is currently representing Deloitte & Touche in a class action alleging that it fraudulently misstated its financial statements.
Kevin Abikoff; William Maguire; Marc Weinstein
‘The team has a very impressive combination of legal skills, ability to handle very complicated facts on a large scale and to establish a flawless line of corporation.’
‘Very skilled and experienced, pleasant to work with and very good at coming up with solutions.’
‘Very engaged and responsive. Willing to work with in-house lawyers to formulate practical strategies to achieve commercial outcomes.’
‘A highly collaborative firm.’
Danish Ministry of Taxation (Skatteforvaltningen or “SKAT”)
Deloitte Touche Tohmatsu Limited
Deloitte & Touche LLP
Sellas Life Sciences Group, Inc. (f/k/a Galena Biopharma, Inc.)
The International Investment Group, LLC
CAN Capital, LLC
- Representation of Danish tax authority in federal and state courts seeking to recover more than $2bn wrongfully obtained through a scheme involving fraudulent tax refund claims.
- Representation of Deloitte Touche Tohmatsu Limited in a commercial litigation brought by Starr Russia Investments III B.V. alleging losses from Starr’s investment in Investment Trade Bank, a Russian entity.
- Representation of Sellas Life Sciences Group, Inc. and its officers and directors in a securities class action and related derivative shareholder litigation relating to the marketing of a fentanyl-based pain medication.
'Their attorneys are very knowledgeable, responsive and extremely reliable', said one client of Kramer Levin Naftalis & Frankel LLP in New York. The firm is known for its trial capabilities in high-stakes litigation, which includes the representation of corporate issuers and their officers and directors in class action securities and derivative litigation. The litigation practice led by Gary Naftalis and Barry Berke also acts for issuers and underwriters in cases arising from public offerings, and defends public auditing firms accused of securities law violations and accounting malpractice; it also has experience handling regulatory enforcement actions. John Coffey is the standout securities litigator. He is currently representing Veon in a consolidated securities fraud class action in which plaintiffs allege that former officers participated in a conspiracy to bribe a government official in Uzbekistan.
Gary Naftalis; Barry Berke
Other key lawyers:
‘Their attorneys are very knowledgeable, responsive and extremely reliable.’
Veon Ltd. (fka VimpelCom, Ltd.)
Michael Purcell and Jeffrey Rohr
Special Litigation Committee of the Board of Directors of Oracle Corporation
Enzo Biochem and five present or former directors
Securities Industry and Financial Markets Association
- Representing VimpelCom in a consolidated securities fraud class action lawsuit proceeding in federal court in New York City.
- Representing James Im, the former co-head of Nomura’s commercial mortgage-backed securities desk, who has been sued by the SEC for securities fraud.
- Represented Burford Capital in a purported federal securities class action suit alleging false statements concerning Burford’s performance.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has built up a strong presence in securities litigation representing the leading life sciences, pharmaceuticals, construction, insurance and financial services companies, as well as high profile individuals, directors and officers, senior executives, and CEOs. Jack Sylvia and Adam Sisitsky in Boston lead the practice and both have extensive experience, particularly on behalf of corporate issuers, accountants, mutual finds and investment advisors. Sylvia recently defeated class certification and obtained judgment on the pleadings in favour of defendants on all counts in a securities class action against Keryx Biopharmaceuticals and four of its former officers which sought more than $100m in damages. In October 2020, the firm hired Douglas Baumstein in New York from White & Case LLP, who is a first-chair litigator with a strong track record in securities cases.
Jack Sylvia; Adam Sisitsky
Other key lawyers:
The Fresh Market
Alafi Capital, Inc.
David Baazov, Former CEO of The Stars Group (formerly known as Amaya)
- Defeated class certification and obtained judgment on the pleadings in favor of defendants on all counts in a securities class action against Keryx Biopharmaceuticals, Inc. and four of its former officers which sought over $100m in damages.
- Secured a motion for summary judgement and full dismissal of claims on behalf of XpresSpa Group, Inc. (f/k/a Form Holdings Corp.), and several of its directors and former directors, against federal securities and breach of contract claims brought by Plaintiff in the District Court for the Southern District of New York.
'The quality of the work performed by the entire team has been superb', says one client of Morvillo Abramowitz Grand Iason & Anello P.C., which routinely handles regulatory enforcement matters, including SEC investigations, and also has expertise in securities litigation, corporate directors' and officers' liability litigation, derivative actions, and financial services disputes. Key figures in the team include Elkan Abramowitz, who 'knows the substantive areas inside out and is highly respected by judges and other legal professionals', and Robert Anello, who 'takes the big picture and thoroughly analyzes relevant issues from all angles'. Edward Spiro also has many years of experience in commercial and criminal litigation at the trial and appellate level.
Other key lawyers:
Robert Anello; Edward Spiro
‘The teams at Morvillo are completely interactive and the partner in charge can draw in expertise as needed. The firm has litigation depth.’
‘The team is skilled, as well as personally concerned about me as a person. They keep me closely involved in decision-making. Much better than the mechanical “let me take care of it” attitude of many mega-firms.’
‘Morvillo has represented me in white-collar criminal litigation and in SEC matters. The quality of the work performed by the entire team has been superb. They are extremely knowledgeable of the substantive legal areas and have been very quick to learn the facts. The team, from most senior to most junior, are attentive and responsive and work well together.’
‘The head of the team is Elkan Abramowitz and it is hard to find the words to describe all of his qualities. He is knows the substantive areas inside out and is highly respected by judges and other legal professionals. He is also a delight to work with, always available and always offering great advice and emotional support.’
‘Morvillo is a powerhouse for litigation. It is THE firm for litigation defense, particularly for those cases where there is a regulatory, compliance, anti-money laundering, securities aspect, or the like. Part of that expertise is a result of the firm’s close connection to US Attorneys offices. Many of its attorneys are past- or future- assistant US attorneys.’
‘Bob Anello is the lead attorney on our matters. He is an outstanding lawyer, the best I have ever worked with – he takes the big picture, thoroughly analyzes relevant issues from all angles, assesses the path to a resolution, determines the scope of the problem, incorporates the business imperatives involved, looks beyond the issue to see what related concerns will arise, and sees matters through to conclusion.’
Quinn Emanuel Urquhart & Sullivan, LLP
Quinn Emanuel Urquhart & Sullivan, LLP has a deep bench of securities litigators handling both defense and plaintiff matters. The firm frequently appears in shareholder derivative and class action claims, and MDL proceedings, and is rated for the experience and expertise of its seasoned trial lawyers. In Los Angeles, Harry Olivar and Richard Schirtzer are the lead partners. Olivar is representing Mammoth Energy Services in three actions arising from the indictment of the officer of a subsidiary in connection with the restoration work in Puerto Rico after Hurricane Maria. Peter Calamari, Andrew Rossman and Jonathan Pickhardt are the practice heads in New York.
Harry Olivar; Richard Schirtzer; Peter Calamari; Andrew Rossman; Jonathan Pickhardt
Altor BioScience, LLC; NantCell, Inc.; Dr. Patrick Soon-Shiong
Mammoth Energy Services
- Represented Mammoth Energy Services and certain directors/officers in three actions arising from the indictment of the officer of a subsidiary, who is accused of providing items of value to a FEMA official in order to obtain restoration/repair work in Puerto Rico in the wake of Hurricane Maria.
- Representing biopharmaceutical company Altor BioScience, LLC, bio-tech company NantCell, Inc., and NantCell’s majority shareholder, Dr. Patrick Soon-Shiong, in an action brought in the Delaware Court of Chancery by shareholders of Altor BioScience Corporation.
- Achieved a trial victory for client c3 against investors of E2.0, an energy efficiency company that c3 acquired in 2012, in connection with securities fraud and other claims totaling approximately $500m.
Schulte Roth & Zabel LLP frequently acts in federal and state securities claims across the country on behalf of private investment funds, corporations, securities underwriters, broker-dealers, prime and clearing brokers, accounting firms and individual defendants. Michael Swartz in New York and Peter White in Washington DC are co-heads of the litigation group and both handle a range of complex commercial litigation, antitrust, regulatory enforcement and securities fraud cases. Swartz is acting for clients in the financial services sector in short-swing cases in which plaintiffs allege the defendants bought or sold securities when beneficially owning in excess of 10% of a class of securities. White also had an impressive year, having secured a victory for Veritas Capital in a securities class action.
Michael Swartz; Peter White
Hudson Bay Capital Management
Pantera Capital Management
Seyfarth Shaw LLP's securities and fiduciary duty litigation practice has extensive expertise in securities class actions on behalf of individuals, companies, board committees and financial institutions. Chair of the practice William Prickett works from Boston, and New York litigation co-chairs Gregory Markel and Vincent Sama are among the lead practitioners for securities matters. The team also includes former state and federal prosecutors, and other partners with deep experience dealing with government agencies. Sama recently defended a special committee of the board of SFX Entertainment in a 10b5 claim arising from a proposed going-private transaction. New York-based Steven Paradise moved to Eisner LLP in October 2020.
William Prickett; Gregory Markel; Vincent Sama
Individual Directors and Officers of a high tech company
Former controller of Hertz
A Large Canadian Bank
Special Committee of the Board of Large United States Bank
Prudential Financial, Inc. and Eric Schwimmer
Special Committee of the Board of Directors of SFX Entertainment, Inc.
Simon Ogus, the cofounder of a high tech company
- Represented individual directors and officers in two similar but separate securities actions filed alleging violations of Rule 10b5 and state law.
- Acting for former controller of Hertz in a securities class action involving restatements of financial statements and weaknesses in internal controls.
- Represented a very large Canadian Bank in an adversary proceeding in Delaware Bankruptcy Court in which the Bank was accused of breach of fiduciary duty.
White & Case LLP is active in both domestic and cross-border cases, thanks in part to its large network of international offices. In the US, the focus of the practice is in New York, where global chair of commercial litigation Glenn Kurtz is the lead partner for securities matters, though the firm also has a presence in Chicago, Los Angeles, Silicon Valley, Miami, Boston and Washington DC. The firm's civil litigation and white-collar lawyers defend US and overseas companies in US securities litigation and government civil or criminal enforcement actions. Kurtz represented ReWalk Robotics in two parallel putative securities class actions arising from its 2014 IPO. Douglas Baumstein left to join Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. in October 2020.
ReWalk Robotics Ltd
Tufin Software Technologies, Ltd.
Former CFO of Marathon Patent Group
DBV Technologies S.A.
Advance Auto Parts, Inc.
- Representing Toshiba in a securities dispute involving claims under the US Securities Exchange Act against a foreign issuer regarding unsponsored American Depositary Receipts.
- Represented ReWalk Robotics Ltd., a manufacturer of robotic exoskeletons to permit individuals with paraplegia to walk, in the defense of two parallel putative securities class actions, one filed in the District of Massachusetts, and the other in Massachusetts Superior Court relating to ReWalk’s September 2014 initial public offering.
- Represented Fortune 500 company Advance Auto Parts, Inc., in defense of a putative securities class action filed in the US District Court for the District of Delaware in which the Plaintiff asserts hundreds-of-millions of dollars in damages.
Ballard Spahr LLP in Philadelphia has a broad-ranging practice that has built a reputation for defeating class certification, obtaining dismissals and prevailing on summary judgment in several jurisdictions across the country. Norman Goldberger, who leads the securities enforcement and corporate governance litigation practice with David Axelrod, has more than 40 years' experience in complex disputes. Goldberger is currently acting for USA Technologies in numerous putative class actions alleging that the company filed false and misleading reports with the SEC mis-stating various financial metrics following a delay in filing its 2018 annual report. Axelrod, who is a former Supervisory Trial Counsel at the SEC's Philadelphia Regional Office, spearheads the firm's regulatory enforcement work.
Norman Goldberger; David Axelrod
USA Technologies, Inc.
CVI Investments, Inc.
Francis M. Reynolds
Wrap Technologies, Inc.
Bracewell LLP has lean litigation team based in Texas that is known for handling high-profile cases for clients in the energy industry, though it is also increasingly active in matters for clients in the financial services industry. Its caseload frequently stems from bankruptcy, criminal and regulatory investigations, as well as energy transactions. Tony Visage in Houston is head of the securities litigation practice, which frequently handles actions alleging accounting fraud, insider trading, disclosure, self-dealing and market manipulation. Stephen Benesh in Austin is active in courts across the US, among them the defense of Bank of New York Mellon in a class action in Oklahoma alleging the company misrepresented the productive capacity of vast oil and gas fields.
Other key lawyers:
The Bank of New York Mellon and certain of its trusts and trustees
Southern Copper Corporation
Conflicts Committee of the Board of Directors of Tallgrass Energy Partners, LP
Prosperity Bancshares, Inc.
Gates Capital Management
- Represented Prosperity Bancshares, Inc. in three federal court cases alleging violations of the Securities Exchange Act arising out of a $2.1bn merger transaction with LegacyTexas Financial Group, Inc.
- Defending Southern Copper Corporation in a derivative lawsuit in the Delaware Court of Chancery relating to certain construction contracts, contracts for the purchase and sale of minerals, and transportation contracts entered into between Southern Copper’s subsidiaries and subsidiaries of Grupo México.
- Lead trial counsel for the Bank of New York Mellon and certain of its trusts and trustees in connection with securities class action cases brought against the Bank or trusts managed by the bank.
Hunton Andrews Kurth LLP has a large national litigation practice with notable strength in depth in Texas, California, Florida and the Mid-Atlantic region. Its work encompasses shareholder litigation, corporate internal investigations, regulatory investigations and enforcement proceedings. This focus gives the firm a presence in some large securities litigation proceedings and enforcement matters, a recent example of which was its work for insurer Bowen, Miclette & Britt in a multibillion-dollar securities class action arising from the Stanford Ponzi scheme. Bradley Foster in Dallas led that matter. Edward Fuhr in Richmond leads the practice and handled a class action against Cleco Corporate Holdings LLC that alleged breach of fiduciary duty by its directors. Richmond-based counsel Johnathon Schronce also played a key role in that case.
Other key lawyers:
Bradley Foster; Johnathon Schronce
Bowen, Miclette & Britt, Inc.
American Institute of Certified Public Accountants
Sojitz Corporation of America
- Represent CoBank, ACB, the largest institution in the national Farm Credit System (with total assets larger that Credit Suisse, RBC, Deutsche Bank, Regions Bank and other FDIC-insured bank), in a securities claim arising from its early redemption of subordinated debt (10-year bonds) issued during the financial crisis.
- Representing former directors and officers of Cleco Corp. in defense of fiduciary duty claims related to cash-out merger.
- Representing an insurance industry client in a multibillion-dollar securities class action, a separate multibillion-dollar receivership claim, numerous related lawsuits in both state and federal court, a federal multi-district litigation proceeding, and multiple appellate proceedings at the Fifth Circuit Court of Appeals and the US Supreme Court, all arising from the Stanford Ponzi scheme.
Jenner & Block LLP
The securities litigation and enforcement group at Jenner & Block LLP is singled out by one client as a team that 'provides clear communication and advice and is responsive and timely'. The practice group handles both plaintiff and defense work, but predominantly acts for defendants in securities class actions, derivative shareholder litigation and tender offer litigation. It is frequently involved in parallel criminal and SEC investigations, state regulatory investigations, and private litigation, often working on behalf of public and private corporate issuers and institutional investors including hedge funds and foreign banks. The practice is led by Stephen Ascher in New York, who is 'highly effective as a lawyer and provides clear and concise information', Howard Suskin in Chicago, who provides 'consistently exquisite advocacy and counsel', and Thomas Newkirk in Washington DC.
Stephen Ascher; Howard Suskin; Thomas Newkirk
‘Jenner was adept at navigating some of the international and cross-border issues that arose during the engagement. Jenner guided the international business intelligence activities while carefully navigating the associated multi-jurisdictional privacy issues.’
‘Howard Suskin is a leading partner. The client corporate governance crisis that arose from these allegations was existential in nature: the allegations – if confirmed – would have impacted the viability of the company; the investigation was extremely challenging to conduct because the whistleblower was still coming into work each day; and huge trust issues arose when it became obvious that the whistleblower’s allegations had not been made in good faith. Yet throughout it all, Howard remained unflappable and provided consistently exquisite advocacy and counsel.’
‘Tom Newkirk brought deeply valuable insights into how the SEC would likely view and respond to the facts that the investigation uncovered and how to most effectively present and share them. Howard in particular displayed impeccable judgment throughout, while being able to keep the client confident and constructive and hopeful during some very dark months.’
‘Very knowledgeable of the CMBS industry. The firm provides clear communication and advice and is responsive and timely. The matters are appropriately staffed and the billing is clear and fair.’
‘Stephen Ascher is highly effective as a lawyer and provides clear and concise information on status and action items. He is good at keeping the client apprised in a timely manner of the status and proactively moving matters along. I think good communication is a strong suit.’
Equus Total Return Inc.
Hertz Global Holdings
Golden Star Resources
National Futures Association
Cboe Global Markets
C-III Asset Management (dba Greystone)
- Achieved a significant victory in Delaware Chancery Court and ultimately in the Delaware Supreme Court on behalf of our client, Equus Total Return, a closed end mutual fund.
- Represented a Special Committee of the Board of Directors of Lannett Corp. in responding to a shareholder demand, which subsequently led to litigation in Delaware federal court.
- Won a victory for Hertz when the US Court of Appeals for the Third Circuit panel affirmed a lower court’s dismissal of a putative class action lawsuit filed in the District of New Jersey against Hertz and its senior executives.
McGuireWoods LLP handles a diverse caseload that encompasses both federal and state court actions, arbitrations and mediations, and proceedings before the SEC, FINRA and the DOJ. The firm frequently acts for financial institutions, though its recent work also includes notable victories for companies in the life sciences and technology sectors. Jonathan Blank (Charlottesville), Cheryl Haas (Atlanta), Robert Muckenfuss (Charlotte), Todd Steggerda (Washington DC) and Diane Flannery (Richmond) are the lead partners in a practice group, which covers a huge range of matters including complex commercial litigation, environmental and mass tort litigation, financial services, business and securities litigation, government investigations and white-collar crime.
Jonathan Blank; Cheryl Haas; Robert Muckenfuss; Todd Steggerda; Diane Flannery
Seward & Kissel LLP in New York benefits from 'the seamless integration of investment management expertise with litigation defense'. The firm's experience in securities litigation encompasses matters involving hedge funds and other investment managers, foreign and domestic public companies, investment banks and broker-dealers. This includes SEC enforcement matters for clients in emerging sectors, notably blockchain. One client remarked that the team is 'always willing to stand shoulder-to-shoulder with their client throughout the engagement'. Michael Considine and Bruce Paulsen ('practical, reasonable, and smart') are the lead partners. Paulsen recently acted for Dynagas LNG Partners in a 10b5 stockdrop case.
Michael Considine; Bruce Paulsen
Other key lawyers:
‘I have worked with the SK team for many years. Among the unique aspects of the practice is the seamless integration of investment management expertise with litigation defense. All too often, law firms operate in functional silos, with subject matter experts relegated to second chair. At SK, the entire team visibly collaborates, strategizes and communicates with their clients – providing the benefit of differing perspectives and reinforcing a team approach where the best ideas can prevail. The team “owns” the matter, always willing to stand shoulder-to-shoulder with their client throughout the engagement and understanding of the significance of outcomes in high-stakes matters. ’
‘Jack Yoskowitz is a subject matter expert and skilled litigator. I have yet to come across a more capable and effective team.’
‘Experience both in securities litigation and in specialized client areas such as maritime and shipping laws, and laws of foreign jurisdiction. That combination can be important when clients in these areas are sued in securities litigation matters.’
‘Bruce Paulsen is an excellent litigator with spectacular judgment. Practical, reasonable, and smart.’
Broadwood Capital, Inc., Broadwood Partners, L.P., Neal Bradsher
Fairholme Capital Management, L.L.C., Fairholme Funds Inc., and Bruce Berkowitz
Dynagas LNG Partners LP, Dynagas GP, LLC, and Dynagas Holding LTD
CG Blockchain, Inc and BCT, Inc.
Whitebox Advisors LLC
Quasar Mining Group, Inc., and two of its officers
- Advised investment manager and its principal on obtaining the dismissal of claims brought against them in putative BioTime shareholder class action.
- Successfully represented investment clients of Fairholme Capital Management, L.L.C. in the District Court and Second Circuit and obtained dismissal of Section 16(b) claims on the ground that plaintiff’s theory of control group liability was beyond the scope of Section 16(b).
- Advised cryptocurrency mining company on obtaining dismissal of federal securities claim brought by investor after market conditions prevented company from commencing operations.
Sidley Austin LLP
Stradling Yocca Carlson & Rauth
The Newport Beach office of Stradling Yocca Carlson & Rauth is home to a team of eight partners, who are 'practical but fierce advocates'. The firm has 'very experienced attorneys with prior experience at the SEC and DOJ, who give very practical counsel on dealing with complex situations and issues'. It is predominantly based in California, though it is active in highly sensitive SEC and internal investigations, as well as complex securities disputes, across the country. Jason de Bretteville, the 'intuitive and experienced' Kathleen Marcus and Marc Schneider are the lead partners. De Bretteville secured a the dismissal of a putative securities fraud class action against Endologix that alleged the company made optimistic public statements about obtaining FDA approval for its Nellix aneurysm device.
Jason de Bretteville; Kathleen Marcus; Marc Schneider
Other key lawyers:
‘Practical but fierce advocates.’
‘Flexible because they operate like a boutique like firm.’
‘Kathleen Marcus is a fierce advocate for her clients and very efficient, so delivers a ton of value in terms of cost.’
‘Very experienced attorneys with prior experience at the SEC and DOJ, who give very practical counsel on dealing with complex situations and issues. I would put them up against any of the attorneys I have worked with from larger firms. Also, their billing rates are lower than some of the larger firms, making them an outstanding value in my experience.’
‘Very technologically savvy for a firm of their size – they host their own instances of ECM and eDiscovery platforms rather than outsourcing that, and are very adept at using them to streamline document review.’
‘I have worked with Kathleen Marcus and Jason de Bretteville and they are both outstanding attorneys in this area.’
‘With Stradling I feel I get the highest caliber of legal advice, often more practical than what I get from bigger firms, at a boutique price.’
‘Jason de Bretteville, who chairs the firm, is an exceptional securities litigation lawyer. I frequently call Jason for his thoughts on disclosure questions and litigation strategy. We’ve also worked very closely with Kathleen Marcus on several matters, including FINRA inquiries. She’s very practical and very responsive.’
‘My interaction during this COVID era were primarily with one partner and one associate. The firm was professional and organized.’
‘Kathleen Marcus was intuitive and experienced in handling our regulatory matter. Always available and responsive with confident advice. Andrew Mason was well prepared and able to add value by providing research and context to our strategic decisions.’
POW! Entertainment: Gill Champion & Bick Le
- Secured a rare dismissal (upheld at the Ninth Circuit in June of this year) on behalf of Endologix in putative securities fraud class action.
- Represented Ceradyne, Inc., a global manufacturer of advanced ceramic systems and components, in connection with shareholder class actions arising out of its $860m merger with 3M seeking $400m in damages.
- Engaged by a cryptocurrency executive during pre-Wells settlement discussions with the SEC convinced that our client should be the only individual charged with a Section 17(b) violation.
The securities litigators in the Chicago office of Vedder Price defend public companies, officers and directors, board committees and auditors in federal and state court securities actions. It also has a busy workload on behalf of commercial and investment banks, broker-dealers, investment advisers, mutual funds, private equity funds, hedge funds and real estate investment trusts. In class actions, governmental enforcement proceedings and special investigations, the team is 'very knowledgeable and creative, and the lawyers have years of experience working for the DOJ and the SEC'. The lead partners are Randall Lending, who handled an investment adviser breach of fiduciary duty case for independent directors of Great West Funds, and former chair of litigation Thomas Cimino.
Randall Lending; Thomas Cimino
Other key lawyers:
‘This team is very knowledgeable and creative. They have years of experience working for the DOJ and the SEC. This allows them to understand and explain the governments position as well as being prepared with how to provide applicable defense strategies.’
‘I have worked extensively with Ryan Hedges. In addition to his knowledge both of the law and how the DOJ operates, he is a very personable and understanding person. these are difficult times and he is very cognizant of that. He does well to offer reasons for hope based on the law and the facts in this case. I think that separates him from other lawyers I have worked with.’
Illinois Metropolitan Investment Fund (IMET)
Independent Directors of Great-West Funds
Power Solutions International, Inc.
Mark Wogsland (Roadrunner Transportation Systems, Inc.)
Lawrence C. Blaney
Scott Fraser (Contrarian Press, LLC)
- Representing IMET in connection with a $175m+ fraud, including asset recovery and defending against claims made by participants in IMET who invested in the defrauded fund.
- Successfully represented the Independent Directors of Great West Funds in the US District Court for the District of Colorado in connection with litigation under Section 36(b) of the Investment Company Act.
- Represented publicly traded engine and power solutions supplier in SEC investigation stemming from a restatement of financial statements; resolution announced in late September 2020.